The social development bank in Europe

Credo Microcredits

  • Approval date

    16 November 2018

  • Borrower

    JSC Credo Bank

  • Country

    Georgia

  • Loan size

    € 5 000 000

  • Line of action

    Sustainable and inclusive growth

  • Status

    In progress

This loan will part-finance investment sub-projects undertaken by MSMEs in rural and urban areas to support the creation and preservation of income generating activities, self employment and the creation and development of micro-enterprises. Final beneficiaries will be small entrepreneurs mostly involved in agriculture and urban type businesses, typically located in rural areas, such as farmers operating agriculture businesses; and small business owners in village settlements.

CEB supports micro-enterprises in Georgia

Press release 16 November 2018

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