Financed ProjectsProcredit Bank Georgia (Microfinance)

Identification Code:

OP/01/0091

Total Operation Cost:

0

Maturity:

12 months

Operation Status:

Description and Purpose of the Operation:

A revolving credit line for imports

Countries of Operation:

Georgia (100,00 %)

Financial Product:

Trade Finance

Sector:

Financial Institutions

Domain:

Private

Borrower/Client:

ProCredit Bank Georgia (previously the Microfinance Bank of Georgia) started operations in May 1999. The bank was established by several IFIs to provide financial services to micro and small businesses in Georgia. It is part of ProCredit Holding AG. Its core business is provision of credit to micro and small enterprises.

Co-Financiers/Participants:

Guarantors/Sponsors:

Developmental and Regional Cooperation Impact:

The expected development impact (intraregional trade in particular) has not been achieved due to the poor disbursement level. However, the operation delivered a good partnership with the intermediary and was a precursor to the follow-up SME term loans, which, given the performance and commitment of the intermediary, is likely to result in a series of successful operations.

Environmental Classification and Impact (summary):

The operation was in accordance with the BSTDB’s environmental policy/standards

Operation Leader:

Financial Institutions I

E-mail:

fi1@bstdb.org