by Ben Barba -

MICROCAPITAL BRIEF: EIB Lends Credo Bank $10m for MSMEs in Georgia

The EU’s European Investment Bank (EIB) recently agreed to loan Credo Bank, a commercial bank in Georgia, GEL 28.8 million (USD 10 million) to expand its financing of micro-, small and medium-sized enterprises (MSMEs). The floating-rate loan is synthetic, meaning it is denominated in euros but

by Michelle Fleming -

MICROCAPITAL BRIEF: JSC Credo Bank Has Acquired Microfinance Portfolios of MFO BIG, MFO Credit Plus Georgia

Joint Stock Company (JSC) Credo Bank, a Georgian bank, recently announced that it has purchased the microfinance portfolios of two microfinance organizations (MFOs), BIG and Credit Plus Georgia, for