Procredit Bank Georgia SME III
Georgia | Financial Institutions- Identification Code:
- OP/06/0618
- Total Operation Cost:
- — USD
- Maturity:
- 36 months
- Operation Status:
-
BSTDB Approved Amount – Approval Date10.000.000 USD – 01 Feb 2008
-
BSTDB Signed Amount – Signed Date10.000.000 USD – 13 Feb 2008
-
Status:Completed
- Description and Purpose of the Operation:
- BSTDB and ProCredit Bank, Georgia continue successful cooperation with a third SME Loan Facility to support micro, small and medium sized companies in Georgia with the purpose to finance investment programmes for the creation, modernisation, expansion and diversification of industrial, production, agricultural or service-related facilities.
- 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-Financers/Participants:
- —
- Guarantors/Sponsors:
- —
- Developmental and Regional Cooperation Impact:
- In its long cooperation with ProCredit Bank, Georgia, BSTDB extends medium term funding to numerous small and medium-sized enterprises in Georgia, as well as demonstrates viability of providing longer term funding to Georgia's developing small and medium enterprise sector. In the interest of facilitating economic development in member countries, BSTDB wants to support local financial intermediaries and help this important sector of the economy grow.
- Environmental Classification and Impact:
- The Bank's prior experience with the Borrower proved the latter to be 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. The Borrower is required to: (1) undertake environmental assessment of the sub-loans with medium and high environmental risk, as well as ensure proper monitoring of these operations; (2) ensure compliance of the sub-loans with applicable national EH&S requirements; (3) continue to adhere to the Bank's Environmental Exclusion List and Negative List of Goods; (4) submit annual EH&S performance reports.
- Operation Leader:
- Financial Institutions I
- E-mail:
- fi1@bstdb.org
As of 28 Feb 2026
