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News

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.

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UAE’s myZoi Launches Financially Inclusive Digital Wallet With “One-To-Many” Transfer Capabilities

The digital wallet promises to reduce remittance fees for underbanked employees in the UAE by enabling transfers to up to five people for the price of one.

News

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.

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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.

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Register Now and Save $400: 2023 Making Finance Work for Women Global Summit

Join financial inclusion leaders from around the globe to accelerate HER economy!

News

Kamel Pay and Mastercard Launch New Card Propositions to Drive Financial Inclusion in the UAE

The partnership will see the launch of two unique card products designed to meet the growing needs of businesses and underbanked individuals, supported by a feature-rich digital app powered by Mastercard’s secure, contactless payment technology.

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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.

News

UAE Central Bank Extends Economic-Support Program Until Mid-2022

Banks can draw on the facility to provide new loans and financing to individuals, small and medium-sized enterprises, and other private corporates affected by the virus fallout.

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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.

News

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.