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ADB and Credo Sign Local Currency Loan for Georgian SMEs
Original: ADB, Credo Sign Local Currency Loan to Boost Financial Inclusion for MSMEs in Georgia
The Asian Development Bank and Credo Bank have signed a local currency loan aimed at expanding financial inclusion for micro, small and medium-sized enterprises in Georgia. The deal is intended to improve access to finance for smaller businesses in the country, with the local currency structure reducing foreign exchange risk for borrowers.
Why now: The new financing agreement was just announced, drawing attention to support for small businesses in Georgia.
Asian Development BankCredo BankGeorgia
Evidence
- ADB, Credo Sign Local Currency Loan to Boost Financial Inclusion for MSMEs in Georgia · Asian Development Bank
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