Cassa Depositi e Prestiti (CDP) is expanding its operations in finance for international development cooperation with its first transaction in Georgia. The €10 million loan will be granted to the TBC Leasing financial institution to support the development of the country's small, medium and micro enterprises, which account for more than 55% of the total production value and about 35% of the revenues generated by the private sector.
Guaranteed by the InclusiFI programme promoted by CDP with the European Commission within the framework of the European Fund for Sustainable Development (EFSD), the agreement will provide both economic support and technical assistance, with training materials created specifically for customers and dedicated to alternative forms of financing.
Thanks to this agreement, TBC Leasing, a leading player in the domestic market based in Tbilisi, will be able to expand its current range of financial solutions, contributing to the growth and economic sustainability of Georgian companies.