Visit “Transylvania Emerging” (Romania and Hungary) - Iasi, Romania
April 25th, 2008Today we visited CAPA microfinance work in Iasi. This was the MFI that MEDA helped start. From modest beginnings the Iasi office are now very successful with over 20 million dollars in loans! We visited one client who made glass windows and furniture tops. His business grew by 400 percent last year. He now hires 12 people. We witnessed the global economy at work with Abe Fehr from Leamington making a potential contact to source specialized glass from him at prices much lower then those Abe had from Germany. We had a late lunch with the Capa staff and were amazed with their energy and dedication.
~ Ed Epp
