Release date: 24 October 2024
Promoter – Financial Intermediary
CREDO BANK JSCLocation
Description
The operation consists in a Partial Portfolio Guarantee to Credo Bank under the EU4Business Guarantee Facility.
Objectives
The aim is to enhance access to finance for micro, small and medium-sized enterprises in Georgia.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 2 million
Total cost (Approximate amount)
EUR 16 million
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Under appraisal
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).