Investment funds in local SMEs - proposed transaction - JSC Credo - Georgia

JSC Credo bank (“Credo”) is the market leader in individual rural lending in Georgia and a current DGGF investee. In the context of the deteriorated geopolitical situation reflected in the ongoing war in the region, providing extra capital cushion in the challenging times is a clear representation of additionality. DGGF will provide a loan to JSC Credo Bank of up to EUR 3.5 million.