Microfinance Organization Easycred Georgia

Misión:

The mission of our financial institution is to satisfy consumer’s demands on the Georgian financial market in relation to fast, available and cheap monetary funds

Antecedentes y principales retos:

Our microfinance organization - ,,easycred Georgia” was established on November 19, 2008 in the city of Tbilisi. Currently organization operates the only branch. The main challenge is to grow and ultimately become one of the leading companies in the microfinance sector.

Dirección:

Mitckevich St

Tbilisi

Georgia

Teléfono:

+99532386665

Correo electrónico:

k_kakhiani [at] easycred [dot] ge

Website:

www.easycred.ge

Principales fuentes de financiamiento:

Loans

Shareholder Capital

Productos y servicios:

Loans

Training and Consulting

Servicios proporcionados:

Full-scale Financial Services

Business Development Services

Other

Buscar (Tipos de Inversión):

Equity

Loans in USD

Guarantees

Loans in EUR

% Operaciones que incluyen MF:

91 - 100

Fecha en que se estableció:

Nov 21 2008

Fin de año fiscal:

31-Dec

Current Legal Status:

Other

Regulada:

yes

Social Performance Profile


+ Mission specifics
+ Target markets (ranked by importance)
Clients living in rural areas	1
Clients living in urban areas	1
Women	2
+ Development goals (ranked by importance)
Growth of existing businesses	1
Increased access to financial services	1
Gender equality and women's empowerment	1
Housing	1
Employment generation	1
Poverty reduction	1
Water and sanitation	2
Youth opportunities	2
Improvement of adult education	3
Health improvement	3
Development of start-up enterprises	3
Children's schooling	4
+ Poverty targets
Poor clients
Low income clients
+ Governance
+ Range of products and services
+ Financial products and services offered
+ Credit products offered
Microcredit loans for microenterprises
Microcredit for household needs/consumption
SME loans
Loans for agriculture
Loans for education
Housing loans
+ Savings products offered
+ Compulsory insurance products required
+ Voluntary insurance products offered
+ Other financial products and services offered
Savings facilitation services
Remittances services
+ Non-financial services offered
+ Enterprise services offered
Enterprise skills development
Business development services
+ Education services offered
+ Health services offered
+ Women's empowerment services offered
+ Products and services targeting the poor
Products and services specifically designed to target the poor:
+ Social responsibility to clients
+ Client protection principles in use
The loan approval process requires evaluation of borrower repayment capacity and loan affordability. Loan approval does not rely solely on guarantees (whether peer guarantees, co-signers or collateral) as a substitute for good capacity analysis.
Internal audits check household debt exposure, lending practices that violate procedures including unauthorized re-financing, multiple borrowers or co-signers per household, and other practices that could increase indebtedness.
Productivity targets and incentive systems value portfolio quality at least as highly as other factors, such as disbursement or customer growth. Growth is rewarded only if portfolio quality is high.
Prices, terms and conditions of all financial products are fully disclosed to the customer prior to sale, including interest charges, insurance premiums, minimum balances, all fees, penalties, linked products, third party fees, and whether these can change over time.
Staff is trained to communicate effectively with all customers, ensuring that they understand the product, the terms of the contract, their rights and obligations. Communications techniques address literacy limitations (e.g. reading contracts out loud, materials in local languages).
Acceptable and unacceptable debt collection practices are clearly spelled out in a code of ethics, book of staff rules or debt collection manual.
The organization's corporate culture values and rewards high standards of ethical behavior and customer service.
Customers know how their information will be used. Staff explains how data will be used and seeks permission for use.
+ Cost of services to clients
+ Social responsibility to staff
+ Human resources
Benefits (medical insurance, pension contribution)
Protection at work (safety, anti-harassment)
Equality (anti-discrimination, equal pay for men and women with equivalent skill levels)
+ Basis of staff incentives related to social performance
Ability to attract new clients from target market
Portfolio quality
+ Social responsibility to the environment
+ Poverty measurement tools in use

MFI Report

Microfinance Organization Easycred Georgia

Select i

Social Performance Profile

Una visión rápida

Contactos

MIX Market Data Updates

Comparta este perfil

Global Partners