Grameen Foundation Grants a First Loan to the Microfinance Institution Baobab in Burkina Faso
Through its subsidiaries, Baobab provides financial services to half a million microentrepreneurs and small businesses, thus allowing access to financing to people who are not currently supported by traditional banks.
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.
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.
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.