LOCAL ECONOMIC DEVELOPMENT PLAN FOR TBILISI ... - LED

If you want to buy land to
build your own real estate
Grants and micro credits
for start ups
Strong mature companies would prefer to invest in their own real estate.
Improve the information and advice on investment possibilities. Develop
strong partnership with a professional partner. Tbilisi real estate market
profile. Promote Tbilisi to real estate and industrial investors.
Providing easy access to cheap credits is an important element of business
activity stimulation. Local micro credits fund is an independent organisation
cooperating with the City structures.
Tbilisi real estate
market profile
available at city
portal annually
updated.
Info on current
investment offers
available at city
portal.
Micro – credits
provided to local
companies.
- Developers,
- Landlords,
- Governmental
institutions.
- Banks,
- International
organizations
PROGRAM
Money to start and grow Your business
Credit guaranties
The project objective is to support the SME sector in their access to
external financing, which should contribute to increasing their
competitiveness, investment potential and employment. The benefits of
establishing a loan fund are similar to the ones brought by a guarantee
fund – better availability of capital for start-ups and relatively good loan
terms. Good terms mean subsidised interest rates or replacing property
securities with a form of audit performed by the fund. The procedures in
commercial banks are very demanding. Few small entrepreneurs can meet
their requirements. The principal aim of this project is to establish an
organisation that, through financing small and medium businesses, would
create solid basis for starting up and expanding business activity.
The problem that companies complain about most often is the lack of
capital.. A small starting-up firm has to find its own unique unconventional
ideas, which is often connected with difficulties in finding capital.
A guarantee fund is a way to overcome one of the most important barriers
that prevents small and medium businesses from accessing funding
resources, i.e. the lack of appropriate financial guarantee. Commercial
banks do not find small firms with little capital attractive. The guarantee
fund is an attempt to reduce the distance between the interests of banks
(by lessening the risk and preliminary auditing of the client) and small
businesses (by securing the bank credit). Results: increased business
with/for the private sector, increased transparency of the local government,
possible savings in the local budget, tighter quality control of products /
Guaranties
offered to local
companies.
- Banks,
- International
organizations.
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