Financed ProjectsProcredit Bank Georgia SME II

Identification Code:

OP/05/0522

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 well established market presence and strong support form its shareholders, the Facility represented an excellent mechanism for BSTDB to extend medium term funding to numerous micro, small and medium sized enterprises in Georgia.

Environmental Classification and Impact (summary):

PCBG is a credible entity in dealing with EH&S issues of its sub-loans. Its well-established environmental policy is supported by a functioning environmental procedure, and is fully integrated in the overall portfolio management.

Operation Leader:

Financial Institutions I

E-mail:

fi1@bstdb.org