All News and Announcements

Showing 1 - 10 of 19
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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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.

News

Aden Bank for Microfinance Is to Launch Its Operations and Contribute to Achieving Financial Inclusion

The bank will work in partnership with local banks and financial institutions using best practices in microfinance for provision of Islamic banking services, and will apply an integrated system of financial and non-financial services to support value and supply chains for MSMEs.

News

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

Launching the Pilot Phase of Eamar Microfinance as the First Digital Microfinance Platform in Yemen

The initiative aims to help clients and communities by providing blended financial and non-financial digital services including advisory services, training and more to assure ease of access to e-money and transfers for its customers.

News

YCASH Enrolls in New Partnerships with Humanitarian Agencies and Deploys Humanitarian Transfers Platform and a National Digital Wallet

The Humanitarian Transfers Platform enables humanitarian agencies to execute transfers directly to their interventions beneficiaries without a third party.

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YCASH Door to Door Payment Method as a Response for COVID-19 and Humanitarian Context in Yemen

The National Cash Transfer Company piloted the Door to Door Payment method as a response to the new challenging context and a preventive measure for coronavirus-related risks.

News

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.