ADB helps Bank of Georgia offer SCF to SMEs
The Asian Development Bank has provided a technical assistance grant to the Bank of Georgia, enabling it to offer working capital and other supply chain services to small and medium-sized enterprises.
The grant is ADB’s first technical assistance to be disbursed under its Supply Chain Finance Program, and an extension of its existing trade finance relationship with the Bank of Georgia, to which it has provided loans and guarantees since 2011.
The Bank of Georgia is one of the largest domestic providers of loans to large corporations and individuals in Georgia, but it has not to date extended credit to SMEs. Under the terms of the grant, ADB will deploy three consultants to help the bank establish its SME lending platform, including advising on supply chain financing and market leading technology.
