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ASPEKT signs collaboration agreement with Microcredit Foundation Horizonti

October 2010, Skopje, Macedonia

ASPEKT signed agreement for installation and implementation of the Social Performance Management System for Foundation Horizonti, Macedonia.

ASPEKT has confirmed its great relations with Horizonti Macedonia and once again was elected as a best choice for the implementation and adaptation of the Social Performance Management System, measuring Poverty and Social Impact of operational performances, with analyses of the social performance indicator and aligned with the company’s mission. With this system, Foundation Horizonti will have the complete tools for every- day analyses needed for increasing effectiveness on business activities.

Foundation Horizonti was established in January 2000 as a microfinance project for Catholic Relief Services USCC in Macedonia. Primary objectives of the project were providing access to financial services – microloans to entrepreneurs in the country and creating a self-sustaining local micro financial institution. With operational activities it began in March 2000 when the first loans were disbursed. The project was financially and technically supported by CRS and other well-known and reputable international donors. In June 2005, the project was localized with foundation Horizonti, under the Law of Associations of Citizens and Foundations.