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Good practice Imported

Produce in Georgia — Enterprise Georgia's Credit Guarantee, Industrial & Micro-Entrepreneurship Programme

Georgia · Tbilisi · See the Georgia profile · See the Tbilisi profile

Evidence: Descriptive / self-reported Top 63% 62/100 · Ask Evidence Copilot about this practice

Enterprise Georgia's flagship SME scheme combines credit guarantees, industrial co-financing and micro-loans; a 2026 parliamentary report cites 1,279 entrepreneurs financed and GEL 824m industrial investment, though figures remain self-reported administrative outputs.

1,279 entrepreneurs
Entrepreneurs financed (reported June 2026)
345 projects / 303 companies
Credit Guarantee Scheme projects and companies (reported June 2026)
1,900 jobs (expected)
Jobs expected from the Credit Guarantee Scheme (reported June 2026)
824 million GEL
Industrial Component investment (reported June 2026)
4,000 jobs (expected)
Jobs expected from the Industrial Component (reported June 2026)
686 loans
Micro-loans issued (reported June 2026)
31 million GEL
Total value of micro-loans issued (reported June 2026)
GEL 210m to GEL 259m
Guaranteed loan volume growth (2023-2024)

Details

Maturity
Established
Promoter
Enterprise Georgia (LEPL)
Period
2014–2026 (ongoing)
Keywords
SME finance, credit guarantees, industrial investment, micro-entrepreneurship

Context

Enterprise Georgia, a state legal entity of public law, has run the 'Produce in Georgia' programme since around 2014, offering three linked instruments: a Credit Guarantee Scheme, an Industrial Component of co-financed loans, and a Micro-Entrepreneurship Support Programme.

Activities

The Credit Guarantee Scheme covers up to 80% of a bank loan's principal (capped at 35% of a bank's total guaranteed portfolio) to reduce collateral barriers for SMEs; the Industrial Component co-finances manufacturing and processing investment; and the Micro-Entrepreneurship Support Programme offers small loans to informal or first-time entrepreneurs.

Results

Prime Minister Irakli Kobakhidze's June 2026 parliamentary report credited the programme with financing 1,279 entrepreneurs: 345 projects (303 companies) under the Credit Guarantee Scheme (expected 1,900 jobs), 543 projects (467 companies) under the Industrial Component (GEL 824 million invested, expected 4,000 jobs), and 686 micro-loans worth GEL 31 million. OECD data corroborate the guarantee scheme's growth, with guaranteed loan volumes rising from GEL 210 million to GEL 259 million between 2023 and 2024.

Conclusions

These are government-reported administrative outputs - loans issued, guarantees extended, jobs 'expected' - rather than independently verified counterfactual impact figures, and no matched-comparison or randomised evaluation was located. The World Bank has separately recommended reforms to align Georgia's credit guarantee scheme with international best practice, and has co-financed a related EUR 85 million MSME relief facility, indicating continued donor engagement alongside underlying capacity gaps.

Implementation
Indicative cost
High (€500k–€5M) — GEL 824 million in industrial investment reported for the Industrial Component alone (June 2026); guaranteed loan volumes grew from GEL 210m to GEL 259m between 2023 and 2024 (OECD).
Time to results
Long (> 3 years) — Programme has run since approximately 2014 through 2026 and remains active; World Bank continues to recommend reform rather than discontinuation.
Staffing & skills
Enterprise Georgia (a state legal entity of public law) administers the programme, Partner commercial banks deliver the Credit Guarantee Scheme loans

Conditions for success

  • Three linked instruments (guarantees, co-financed industrial loans, micro-loans) targeting different segments from micro-entrepreneurs to industrial manufacturers
  • Loan guarantee cap (80% of principal, max 35% of a bank's guaranteed portfolio) to manage bank risk exposure while unlocking lending

Common failure modes

  • Figures are self-reported administrative outputs (loans issued, guarantees extended, jobs 'expected') rather than independently verified counterfactual impact
  • World Bank has recommended reforms to align the scheme with international best practice, indicating recognised capacity gaps

Commonly funded by

National / regional programmes

Indicative funding routes for practices of this type — always check each programme's current calls and eligibility rules.

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Data sources

Where this practice's information was retrieved from, and when.

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