| Project Detail |
Location:
Georgia
Project number:
55750
Business sector:
Financial institutions
Notice type:
Private
Environmental category:
FI
Approval date:
22 Oct 2024
Status:
Approved
English-language PSD published:
31 Oct 2024
Senior, unsecured, multicurrency loan to Bank of Georgia in the amount of up to USD 100 million equivalent under Financial Intermediaries Framework ("FIF") for on-lending to private micro, small and medium enterprises ("MSMEs") in Georgia.
Project Objectives
The project will enhance access to finance for MSMEs, which are one of the key contributors to real economy, in Georgia. The loan will enable Bank of Georgia to increase the outreach and focus more on regional and peri-urban small and medium sized businesses promoting local currency lending and simplifying access to finance for new clients (largely to regional customers by means of digital channels). |
