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Marechi’s expertise caused a change at the bank

Marechi Togonidze is a risk manager at Rabobank. In December 2009 she visited her native country Georgia for three weeks via IOM. There she supported Crystal, a micro-financial organization that is active in the regional market, in the field of guidelines, risk management and strategy. Marechi: ‘If they follow my advice they will become the biggest agrarian bank of Georgia.’

Marechi used her time at Crystal well. ‘I worked long hours, because there was much to do. Many systems proved to be set up awkwardly. That is why I have written a detailed report with recommendations. In this way I have advised the bank to specialize in agriculture. The development of the agricultural sector is very important for the Georgian economy. Crystal is working region-oriented, which is very innovative in Georgia. Many small farmers, who really need a bank, work regionally.’

Marechi Togonidze

 

Especially it if concerns risk management, matters in Georgia are arranged differently from the Netherlands. Marechi: ‘In the Netherlands there are a lot more securities,    a lot more guarantees. I have made it clear how important it is not only to look at the short term, but also at the long term. Only in this manner can a bank remain stable.’

 

 

Marechi’s expertise has caused a change in the course of the bank. 'In the meantime Crystal has improved the existing guidelines with the aid of my report. The employees took me very seriously and noted down everything I said. They took a very open attitude towards innovation. Of course it made a difference that there was no language barrier. And to me it was also very important that I could do something for my country.’

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