CEB Programme Loan

Published: 24.04.2020

Under the framework loan agreement signed bythe Council of Europe Development Bank (CEB) and ProCredit Bank Georgia, ProCreditwill receive EUR 25 million to finance small and medium-sized businesses (SMEs). The payments will be disbursed in several tranches.

The primary purpose of the programme is to create both permanent and seasonal employment opportunities by facilitating access to financing for SMEs and in this manner, promote overall employment growth in the country.

The initiatives to be financed under the programme include investments in both fixed assets and working capital.

Financial resources has a high socio-economic impact, as it enables the financing of SMEs, which have high job creation potential and are key contributors to the sustainable economic growth and modernisation of the productive sector.