Short description of the overall project

On 30 December 2020, the Green for Growth Fund (GGF) approved a €20 million loan to ProCredit Bank Georgia, one of the largest lenders in Georgia and a pioneer in the market offering specialised green lending products. The investment aims to help businesses’ and households’ access to dedicated financing for energy and resource efficiency measures, especially during the COVID-19 crisis.

 Short description of activities financed by the donation

The measures to be financed by this loan are estimated to result in 19,100 MWh of primary energy savings per year, and are expected to reduce CO2 emissions by 5,050 tons annually.