Economy
Posted:
4 years ago
Credo Bank Attracts 36 million GEL Loan from EIB
Credo Bank and European Investment Bank (EIB) have signed an agreement on the allocation of 35-million GEL loans for promoting micro, small, and medium business companies.
The objective of the 5-year agreement is to foster micro, small, and medium business companies in the agricultural field. The resource has been allocated as part of the Georgian Outreach Initiative program of the European Investment Bank (EIB). The loan is secured by an EU grant. This loan represents an urgent response by the European Team for the effective management of COVID-19 outcomes.
This flexible and affordable loan will enable Georgian farmers to continue business operations without obstacles and maintain job places.