To support small and medium-sized businesses, women entrepreneurs, and green projects, the German Investment and Development Institute (DEG) has allocated credit resources totaling 20 million euros to Terabank.
This partnership further strengthens Terabank's strategy for sustainable development and corporate social responsibility, while promoting its long-term vision of economic progress through the advancement of small and medium-sized enterprises (SMEs).
The credit facility will provide crucial support to Georgian businesses, improving access to financing for female entrepreneurs, encouraging green investments, and fostering job creation across the country.
As part of the agreement, at least 50% of the loan will be directed towards two key areas:
- Projects that meet green loan criteria;
- Businesses owned or led by women, along with other women-focused initiatives that adhere to international standards for promoting gender-based financing.
"Terabank has long been dedicated to the economic empowerment of women, and our collaboration with DEG allows us to continue this mission. Through this partnership, we not only create new financial opportunities for women entrepreneurs but also support sustainable business practices and green initiatives. Green financing is not just a trend—it is a necessity," said Thea Lortkipanidze, Chief Executive Officer of Terabank.
The initiative to fund green projects and women-led businesses aligns with the global focus on promoting gender equality in business and environmentally sustainable investments. This collaboration supports the United Nations Sustainable Development Goals, including Gender Equality, Decent Work and Economic Growth, and Climate Action.
For more than 60 years, the German Investment and Development Institute (DEG) has been a trusted partner of the private and financial sector. DEG supports businesses that create jobs, improve living standards, promote green initiatives, and contribute to sustainable development.
