Bank of Georgia to begin offering preferential agro-credit

Georgia Materials 7 December 2021 13:31 (UTC +04:00)
Bank of Georgia to begin offering preferential agro-credit

BAKU, Azerbaijan, Dec. 7

By Maryana Akhmedova – Trend:

The Bank of Georgia will support the agricultural sector by offering preferential agro-credit to its customers, Trend reports via the Bank.

The mentioned credit is oriented towards those willing to start a business, and have an agricultural plot of land and grow blueberry, hazelnut, or apple orchards.

The loan is issued only in Georgian lari for financing both fixed and current assets. The minimum loan amount is 20,000 Georgian lari ($6,472), and the maximum is 500,000 Georgian lari ($161,812). The bank offers its customers a grace period of up to 60 months.

According to the Bank of Georgia, customers will be able to develop their business up to international standards, which will also allow them to export their production.

"We are constantly taking care to support the development of agriculture, to encourage already employed or potential entrepreneurs in the sector. We do this by offering products or services tailored to their needs and interests," said the Director of Retail Banking at the Bank of Georgia Merab Akhvlediani.


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