EIB DCFTA Facility issues 590 loans to SMEs in Georgia, Moldova and Ukraine, supporting over 20,000 jobs
24 May 2019
Five hundred and ninety loans have been issued for a total amount of €92 million in Georgia, the Republic of Moldova and Ukraine under the European Investment Bank’s DCFTA Initiative East Guarantee Facility, which benefits from financial support from the European Union under the EU4Business initiative.
The first newsletter on the impact of the Guarantee Facility until December 2018 said 64% of the loans issued had been in local currency, and average financing per SME was €215,000. A total of 21,700 jobs have been supported as a result of the loans.