BAKU, Azerbaijan, October 30. The European
Financial institution for Reconstruction and Growth (EBRD) will present
ProCredit Financial institution Georgia (PCBG) with a mortgage of as much as 15 million euros
for on-lending to micro, small, and medium-sized enterprises
(MSMEs) owned by younger folks in Georgia below the Youth in
Enterprise (YiB) Caucasus program, Development stories through the EBRD.
This would be the first YiB program transaction in Georgia,
increasing this system’s attain to a different nation.
“The credit score line goals to extend lending to younger entrepreneurs
and MSMEs, help the event of PCBG’s inner capability, and
facilitate data switch to younger enterprise homeowners and
managers.
The mission is designed to advertise inclusive and aggressive
growth.
Inclusiveness: The financing will assist overcome limitations confronted
by younger entrepreneurs in accessing formal monetary companies and
reveal that youth-led MSMEs characterize a viable and sustainable
banking section.
Competitiveness: The credit score line will help lending to personal
youth MSMEs in Georgia’s areas exterior the capital, encouraging
ProCredit Financial institution Georgia to develop specialised monetary merchandise
and repair mechanisms whereas enhancing enterprise effectivity and
progress by way of data sharing and coaching,” the EBRD stated.
ProCredit Financial institution Georgia is a part of the worldwide ProCredit
group, which focuses on development-oriented banking. The financial institution has
operated within the Georgian market since 1999, serving greater than 3,500
enterprise shoppers and 6,800 particular person shoppers by way of six branches
and 5 service factors. As of June 2025, the financial institution ranks seventh
amongst 19 banks in Georgia by asset measurement, with a market share of two
%.
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