Starting today, the maximum microcredit amount that microfinance organisations can issue per borrower will be doubled. A relevant amendment to the Law on Microfinance Organisations has come into effect, increasing the credit limit from GEL 100,000 to GEL 200,000.

According to the National Bank of Georgia (NBG), this change will enable microfinance institutions to introduce new products and services, thereby expanding opportunities for their clients. Additionally, the regulator emphasises that this step will support the sector’s recovery and growth. The last time the microloan limit was increased was in 2017, when it rose from GEL 50,000 to GEL 100,000.

Currently, Georgia hosts 29 registered microfinance organisations, with a combined credit portfolio totalling GEL 2 billion. Of these, 95% of loans are extended to individuals.

In terms of financial performance, interest income from microloans in 2024 increased by GEL 31 million compared to 2023, reaching GEL 463 million. Moreover, microfinance organisations reported a net profit of GEL 134 million —an increase of GEL 8 million from the previous year—highlighting the sector’s positive growth trajectory.