Procredit Bank Georgia (Microfinance)
Georgia | Financial Institutions- Identification Code:
- OP/01/0091
- Total Operation Cost:
- — USD
- Maturity:
- 12 months
- Operation Status:
-
BSTDB Approved Amount – Approval Date2.000.000 USD – 18 May 2001
-
BSTDB Signed Amount – Signed Date-1.000.000 USD – 10 Jan 20051.000.000 USD – 21 May 2001
-
Status:Cancelled
- 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-Financers/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:
- The operation was in accordance with the BSTDB’s environmental policy/standards
- Operation Leader:
- Financial Institutions I
- E-mail:
- fi1@bstdb.org
As of 28 Feb 2026
