All News and Announcements
IFC Invests $150 Million in TBC Bank to Boost SME and Climate Financing in Georgia
IFC's financing is expected to help TBC Bank further grow its SME and climate finance portfolios. In addition, the project will help strengthen Georgia's climate finance market by promoting best practices in sustainable lending.
Microcredit Helps Ukrainian Refugees Start Businesses in Georgia
Since launching in 2022, the program for Ukrainians, which includes business mentoring services in addition to micro-finance, has helped over 30 Ukrainian entrepreneurs to support themselves and other refugees.
Georgia Boosts Financial Inclusion, Transparency With EU, World Bank
The reforms are expected to benefit both individuals and companies through increased access to financial products such as credit and digital payments, as well as improved consumer protection supervision.
Symbiotics Launches the First Sustainability Bond in Georgia With MFO Crystal for $5 M
The proceeds of the Sustainability Bond will be used to finance both Social and Green eligible loans. The Social loans will be granted towards microenterprises and SMEs, stimulating the generation of employment in the country.
IFC and Switzerland Partner to Help Develop Agricultural Capital Markets in Ukraine, Benefiting Small Farmers
Small farmers will have improved access to finance given a new endeavor that aims to boost capital markets development in Ukraine, enabling refinancing opportunities for creditors in agriculture.
EFSE and Agroprosperis Bank Strengthen Partnership to Provide Financing in Local Currency for Ukrainian Farmers
Through the investment, the partners aim to facilitate farmers’ ability to access much-needed financing to sustain their businesses using local currency.
EFSE and BasisBank to Provide Crucial Financing to Georgia’s Small Businesses
EUR 4.2 million to help sustain micro and small enterprises during difficult environment of COVID-19 crisis.
GGF and TBC Leasing Expand Access to Local Currency Finance for Energy Efficiency Measures in Georgia
The Green for Growth Fund has provided TBC Leasing with a loan of $5 million equivalent in Georgian lari to bolster energy efficiency measures among small and medium enterprises.
EFSE and ProCredit Bank Boost Financing for Ukrainian Agricultural Sector
UAH funding equivalent to EUR 20 million to be on-lent in local currency to small farmers and producers to support economic recovery during COVID-19 crisis.
EIB Lends $12M to Credo Bank for Microfinance in Rural Georgia to Offset Effects of COVID-19 on Food Production
Credo will use the funds to on-lend primarily as working capital for people living in rural areas, with the aim of lessening the impacts COVID-19 has had on food production and the country’s agricultural sector.