ADB and TBC Bank Partner to Expand Financing for MSMEs in Georgia
Georgia, Jan. 26 -- The Asian Development Bank (ADB) has approved a GEL 270 million (approximately $100 million) loan to JSC TBC Bank (TBC Bank) to expand access to affordable financing for micro, small, and medium-sized enterprises (MSMEs) in Georgia.Up to 70% of the loan will be allocated to MSMEs, of which at least 20% will support women-owned and -led enterprises and at least 30% will finance eligible green investments that meet the National Bank of Georgia's green taxonomy. The partnership will enable MSMEs to access stable, affordable, and longer-tenor loans to grow their businesses and create jobs. It will also expand access to tailored green financing solutions, helping businesses adopt low-carbon and sustainable practices and stren...
To read the full article or to get the complete feed from this publication, please
Contact Us.