კონფერენცია

∘ Levan Kikilashvili ∘ Rusudan Kvaratskhelia ∘ Maya Benia ∘
SUPPORT OF SMALL AND MEDIUM ENTREPRENEURS BY INTERNATIONAL FUNDS AND LOCAL BANKING SECTOR

Abstract

This article explores the mechanisms and initiatives aimed at supporting small and medium-sized entrepreneurs in Georgia. It investigates the role of international funds and the local banking sector in facilitating investments for the consistent development of regions, fostering economic strengthening, promoting environmental protection, and analyzing the transformative impact of businesses in the country's overall development.

The article begins by highlighting the significance of investments made by international funds in Georgia's small and medium-sized businesses. It examines the various support programs and opportunities provided by institutions such as the International Bank for Reconstruction and Development (EBRD) and the European Bank for Reconstruction and Development (EBRD). The text delves into the challenges and benefits associated with these initiatives and emphasizes the positive outcomes achieved over the last two decades.

Next, the article explores the measures undertaken by the local banking sector, particularly focusing on the support provided to micro and medium entrepreneurs by leading banks such as BOG and TBC. It sheds light on the challenges faced by entrepreneurs in accessing financing due to high-interest rates, loan security requirements, and risk insurance. Furthermore, the article examines the efforts made by banks to offer low-interest rates and financing options to entrepreneurs, ensuring their financial stability and growth.

Moreover, the article examines the impact of rural development through youth entrepreneurship, with a specific emphasis on the role of Mercy Corps and opportunities available in Georgia. It discusses the significant budget allocated to support rural entrepreneurship, particularly through financial support and financing initiatives by Liberty Bank. The article analyzes the advantages of low-interest rates for entrepreneurs and highlights the potential for transforming rural communities through youth-driven entrepreneurship.

Lastly, the article emphasizes the importance of proactive involvement of potential entrepreneurs in investment projects. It underlines the need for a collaborative approach between funds, banks, and entrepreneurs, and explores the transformative role of businesses in Georgia's development, including economic growth, job creation, and environmental sustainability.

Ivane Javakhishvili Tbilisi State University Paata Gugushvili Institute of Economics International Scientific C O N F E R E N C E S "ECONOMY – XXI CENTURY"

E ISSN 2587 - 4691	∘ Levan Kikilashvili ∘ Rusudan Kvaratskhelia ∘ Maya Benia ∘ SUPPORT OF SMALL AND MEDIUM ENTREPRENEURS BY INTERNATIONAL FUNDS AND LOCAL BANKING SECTOR Abstract This article explores the mechanisms and initiatives aimed at supporting small and medium-sized entrepreneurs in Georgia. It investigates the role of international funds and the local banking sector in facilitating investments for the consistent development of regions, fostering economic strengthening, promoting environmental protection, and analyzing the transformative impact of businesses in the country's overall development. The article begins by highlighting the significance of investments made by international funds in Georgia's small and medium-sized businesses. It examines the various support programs and opportunities provided by institutions such as the International Bank for Reconstruction and Development (EBRD) and the European Bank for Reconstruction and Development (EBRD). The text delves into the challenges and benefits associated with these initiatives and emphasizes the positive outcomes achieved over the last two decades. Next, the article explores the measures undertaken by the local banking sector, particularly focusing on the support provided to micro and medium entrepreneurs by leading banks such as BOG and TBC. It sheds light on the challenges faced by entrepreneurs in accessing financing due to high-interest rates, loan security requirements, and risk insurance. Furthermore, the article examines the efforts made by banks to offer low-interest rates and financing options to entrepreneurs, ensuring their financial stability and growth. Moreover, the article examines the impact of rural development through youth entrepreneurship, with a specific emphasis on the role of Mercy Corps and opportunities available in Georgia. It discusses the significant budget allocated to support rural entrepreneurship, particularly through financial support and financing initiatives by Liberty Bank. The article analyzes the advantages of low-interest rates for entrepreneurs and highlights the potential for transforming rural communities through youth-driven entrepreneurship. Lastly, the article emphasizes the importance of proactive involvement of potential entrepreneurs in investment projects. It underlines the need for a collaborative approach between funds, banks, and entrepreneurs, and explores the transformative role of businesses in Georgia's development, including economic growth, job creation, and environmental sustainability.