English

Georgian entrepreneurs set for easier access to finance

Georgia

The European Investment Bank (EIB) is providing a US dollar loan worth the equivalent of up to 4.1 million euros to JSC MFO Crystal, a leading microfinance company in Georgia. This operation will fund micro enterprises with fewer than 10 employees.

They will receive loans of up to 25,000 euros that are geared towards women, young people and entrepreneurs living in rural areas. The operation is expected to provide around 10,000 entrepreneurs with better access to long-term financing.

Source: emerging-europe

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