Financed ProjectsProcredit Bank Georgia SME I

Identification Code:

OP/04/0445

Total Operation Cost:

0

Maturity:

24 months

Operation Status:

Description and Purpose of the Operation:

ProCredit Bank Georgia as a financial intermediary for the purpose of a Micro and SME Loan Facility in Georgia.

Countries of Operation:

Georgia (100,00 %)

Financial Product:

SME's

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:

Thanks to the Bank's strong market presence and aggressive expansion strategy BSTDB will be able to increase its support for multiple Georgian SME's and deliver the much-needed medium-term financing to the market.The SME Term Loan Facility for PCBG will have a significant development impact: 1. Institutional development of PCBG, resulting in further business growth, improved liquidity and client service. 2. Medium-term funding of Georgian SME’s. 3. Job creation, income generation, improved company infrastructure

Environmental Classification and Impact (summary):

In line with EH&S regulations.

Operation Leader:

Financial Institutions I

E-mail:

fi1@bstdb.org