FMO has signed a USD 12.5 million loan with JSC Terabank in Tblisi, Georgia. Terabank will use the financing to promote small and medium businesses and support women entrepreneurs. Besides funding, FMO will support the bank with expert advice on servicing women entrepreneurs.
Terabank was establised 18 years ago with the mission to improve the lives of entrepreneurs, their employees, and their clients by fulfilling their business and personal financial needs. By supporting entrepreneurs in a responsible, flexible and efficient way, they want to contribute to the growth and development of the business sector and overall economy of Georgia. Terabank is currently owned by Arab investment holding – Dhabi Group.