The Facility combines loans with EU grants to support direct SME financing in Georgia, Moldova and Ukraine. It seeks to improve access to finance by providing guarantee schemes and technical assistance to increase the number of viable projects carried out by SMEs.
The objectives of the facility are:
– To improve SMEs’ access to finance and mitigate the shortage of long-term financing.
– To provide long-term local currency financing, thereby reducing SMEs’ currency risk.
– To help SMEs identify quality capital investment projects and assist in successful implementation, to improve their governance structure and introduce them to best practices.
To help develop local financial markets in view of sustainable and market-based principles.
Risk sharing (EU grant to cover First Loss Cover)
Economic development and better market opportunities; Economic development and better market opportunities
€10 220 000