The
European Union, together with the European Bank
for Reconstruction and Development (EBRD) and
Sweden, is unlocking fresh funds for Georgian
women-led micro, small, and medium-sized
enterprises (MSMEs).
A
US$20 million EBRD loan to TBC Bank, one of
Georgia’s largest banks, will further expand TBC’s
lending to women-led firms, with a focus on
financing companies outside the capital city.
Borrowers will be able to access funds in Georgian
laris or US dollars.
This
loan is part of the EBRD’s Women in Business (WiB)
programme, supported by the EU and Sweden. WiB
aims to boost women’s access to finance and
entrepreneurship through loans and business
advice. As part of the programme, female
entrepreneurs will also benefit from advisory
services, mentoring, and training series. TBC Bank
successfully joined the WiB programme back in 2017
with a US$20 million loan, which is now fully
utilised.
Source:
euneighbourseast.eu