Business
Posted:
4 years ago
TBC Issues First Loan As Part of State Credit-Guarantee Scheme
Here, Now for Business – TBC Bank has issued its first loan as part of the “Credit-Guarantee Mechanism”. The loan was issued to the Gepherrini Company.
The joint project by TBC Bank and Enterprise Georgia calls for a co-funding business loan by 90%.
As the Enterprise Georgia Agency reports, to increase the output, the company borrower 150,000 GEL, and 90% of the sum will be covered by the state.
Founded in 2014, Gepherrini is the first Georgian company that launched handbags production in Georgia. Today, the company employs about 60 citizens and the plant covers a 570 M2 space. Today, the company also produces footwear, wallets, leather, and silver accessories.
Gepherrini exports products to 11 foreign markers. It is worth noting that with the Enterprise Georgia support, Gepherrini has opened a store in Hong Kong and launched exports to Kuwait.