{"id":210782,"date":"2025-09-24T13:11:20","date_gmt":"2025-09-24T09:11:20","guid":{"rendered":"https:\/\/forbes.ge\/kredo-banksa-da-fmo-s-shoris-saqarthveloshi-metsarmeebis-mkhardasatcherad-80-milioni-laris-motsulobis-khelshekruleba-gaphormda\/"},"modified":"2025-09-24T13:13:35","modified_gmt":"2025-09-24T09:13:35","slug":"the-dutch-entrepreneurial-development-bank-fmo-and-credo-bank-sign-gel-80-million-facility-agreement-to-support-entrepreneurs-in-georgia","status":"publish","type":"post","link":"https:\/\/dev.forbes.ge\/en\/the-dutch-entrepreneurial-development-bank-fmo-and-credo-bank-sign-gel-80-million-facility-agreement-to-support-entrepreneurs-in-georgia\/","title":{"rendered":"The Dutch Entrepreneurial Development Bank FMO and Credo Bank Sign GEL 80 Million Facility Agreement to Support Entrepreneurs in Georgia"},"content":{"rendered":"

The Dutch Entrepreneurial Development Bank (FMO) and Credo Bank have announced the signing of a GEL 80 million Facility Agreement. The long-term local currency funding will support small and medium-sized businesses across Georgia, with the special focus on agriculture, as well as women and young entrepreneurs. FMO provided the funding through the issuance of a GEL-denominated AAA rated bond in Georgia, supporting domestic capital market development and de-dollarization of the economy.<\/p>\n

\"\"<\/p>\n

\u201cWe are proud to mark nine years of successful collaboration with FMO, during which over GEL 400 million has been invested in Credo Bank to improve access to finance across Georgia. Together with last year\u2019s NASIRA Risk Sharing Facility and Capacity Building Grant, this GEL 80 million transaction strengthens our ability to empower farmers, women-led businesses, and young entrepreneurs with affordable and long-term local currency funding. I would like to express my sincere appreciation to FMO and all parties involved for their professionalism and excellent cooperation throughout this process,\u201d said Zaza Pirtskhelava, Chief Executive Officer of Credo.<\/strong><\/p>\n

\"\"<\/p>\n

\u201cAt FMO, we are committed to enabling entrepreneurs to thrive in challenging environments. This latest facility with Credo Bank reflects our shared ambition to strengthen Georgia\u2019s local economy by expanding access to finance for farmers, women-led businesses, and young entrepreneurs. By supporting local currency lending and capital market development, we are helping build a more inclusive and resilient financial ecosystem,\u201d said Juan Jose Dada Ortiz, Director Financial Institutions at FMO. <\/strong><\/p>\n


\nAbout Credo Bank<\/strong><\/a><\/p>\n

Credo is the fifth-largest commercial bank in Georgia. With its wide regional outreach through 99 service centers, it offers fully-fledged and innovative banking services to over 500,000 customers. The bank\u2019s mission is to support Georgia\u2019s micro, small and medium sized entrepreneurs, and their employees to create a better future by offering affordable financial services.<\/p>\n


\n<\/strong>About FMO<\/strong><\/a><\/p>\n

FMO is the Dutch entrepreneurial development bank. As a leading impact investor, FMO supports sustainable private sector growth in developing countries and emerging markets by investing in ambitious projects and entrepreneurs. FMO believes that a strong private sector leads to economic and social development and has\u202fa 50+ year\u202fproven track-record\u202fin\u202fempowering entrepreneurs to make local economies more inclusive, productive, resilient, and sustainable. FMO focuses on three sectors that have high development impact: Agribusiness, Food & Water, Energy, and Financial Institutions. With a total committed portfolio of EUR 13 billion spanning over 85 countries, FMO is one of the larger bilateral private sector development banks globally.<\/p>\n

 <\/p>\n

S<\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The Dutch Entrepreneurial Development Bank (FMO) and Credo Bank have announced the signing of a GEL 80 million Facility Agreement. The long-term local currency funding will support small and medium-sized businesses across Georgia, with the special focus on agriculture, as well as women and young entrepreneurs. FMO provided the funding through the issuance of a […]<\/p>\n","protected":false},"author":797,"featured_media":210774,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1747,1736],"tags":[],"class_list":["post-210782","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-partner-en","has-thumb"],"yoast_head":"\nThe Dutch Entrepreneurial Development Bank FMO and Credo Bank Sign GEL 80 Million Facility Agreement to Support Entrepreneurs in Georgia • Forbes Georgia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dev.forbes.ge\/en\/the-dutch-entrepreneurial-development-bank-fmo-and-credo-bank-sign-gel-80-million-facility-agreement-to-support-entrepreneurs-in-georgia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Dutch Entrepreneurial Development Bank FMO and Credo Bank Sign GEL 80 Million Facility Agreement to Support Entrepreneurs in Georgia • Forbes Georgia\" \/>\n<meta property=\"og:description\" content=\"The Dutch Entrepreneurial Development Bank (FMO) and Credo Bank have announced the signing of a GEL 80 million Facility Agreement. 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