Financed ProjectsTBC Leasing 5

Identification Code:

OP/20/0029

Total Operation Cost:

10.000.000

Maturity:

48 months

Operation Status:

Description and Purpose of the Operation:

Countries of Operation:

Georgia (100,00 %)

Financial Product:

SME's

Sector:

Financial Institutions

Domain:

Private

Borrower/Client:

5th SME Leasing Facility to TBC Leasing

Co-Financiers/Participants:

n/a

Guarantors/Sponsors:

n/a

Developmental and Regional Cooperation Impact:

The operation is expected to continue to have favorable albeit modest economic benefits for the Georgian economy, the most relevant being the tax revenue gains from economic activity, increase in employment, increase in export capacity and competitiveness, and multiplier effects for other parts of the economy.

Environmental Classification and Impact (summary):

SME leasing is normally not likely to generate significant negative environmental and social impact. Nevertheless, there are certain environmental and social risks associated with such financing for which FI needs to have the appropriate capability to ensure that these risks are properly assessed and mitigated. it is considered that the operation will contribute to promoting small and medium businesses in Georgia and positively impact on poverty alleviation, stimulate self-employment, create new jobs and generate revenues.

Operation Leader:

Financial Institutions I

E-mail:

fi1@bstdb.org