Original disclosure @ ADB website
Updated in EWS Jun 25, 2020
Disclosed by Bank Jan 18, 2019
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According to ADB website, the technical assistance (TA) will complement an ADB loan of up to $25,000,000 or its lari equivalent to Credo Bank JSC (Credo). Credo will focus on funding home renovation and construction in rural areas and the periphery of the capital, targeting low-income households.
JSC CREDO Bank provides a range of financial products and services to micro, small, and medium businesses in Georgia. It offers agro business, business, tourism, neo, and student loans; Wish and Crop cards for purchasing household appliances and consumer goods, and credit purchases necessary for agricultural activities respectively; loans without bail to small and medium enterprisers; credit purchase products; Credit Life Insurance that allows borrowers to secure the financial future of their families in case the insured event occurs; and money transfers.
No contact information provided at the time of disclosure.
ACCOUNTABILITY MECHANISM OF ADB
The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main