Although the offering in financial services in Georgia has improved in recent years, access to uncomplicated credit products, particularly in rural areas, is still very limited. Microfinance institution Credo aims to serve these rural areas. Triodos Fair Share Fund and Triodos Microfinance Fund are shareholders in Credo. A senior Triodos Bank coworker represents the two Triodos funds on the Board of Directors.
KEY INDICATORS as of 31 December 2016:
- number of loan clients: 209,560
- percentage female clients: 48%
- percentage rural clients: 72%
- average loan amount: EUR 770
- number of savings clients: n.a.
Whoever you are, and wherever you live in the world, you are likely to want permanent access to financial services. Microfinance banks play a crucial role providing access to finance to an increasing number of people living on low-incomes. We finance microfinance institutions because they help to build inclusive financial sectors, where the majority of people have access to financial services, leading to a sustainable basis for balanced social and economic development.