Produce in Georgia

The loan provides agricultural as well as industrial sector funding.

Target industries:

  • Production of wrapping materials - including cardboard and corrugated packaging
  • Production of construction materials - including pottery, marble, granite and other natural stones
  • Production of textiles and processing of leather – including clothing, shoes, woolen and silk threads
  • Chemical production - including detergents, active, organic substances and cosmetic products
  • Pharmaceutical production
  • Manufacture of electric devices - including household appliances
  • Plastics industry
  • Processing of wood and manufacture of furniture, MDF and chipboard
  • Engineering - including the production of spare parts
  • Production of finished steel products

Target agricultural sectors:

  • Creation of hi-tech greenhouse agriculture - vegetables, berries and herbs
  • High-tech farming of cattle - meat, milk
  • High-tech poultry factory - meat, poultry breeding
  • The production of food - for animals for agricultural purposes, also for birds and fish
  • Processing plants:
    • Processing of fruit, berries, vegetables, citrus
    • Processing of walnuts, hazelnuts and other nuts
    • Processing of wool, leather
    • Processing of Bay leaf, tea, tobacco

Tourism field:

  • Hotel construction/ improvement
  • Additional hotel services

Loan conditions for industrial direction:

  • Minimum amount: 75 000 USD (150 000 GEL)
  • Maximum amount: 2 000 000 USD

It is possible to get a loan: in GEL, EUR or USD

Interest rates:

GEL

Loan amount 150 000-1 500 000 GEL 1 500 001-3 000 000 GEL 3 000 001-5 000 000 GEL
Full interest rate 13% 12% 11%
State co-financing (for 24 months) 10% 10% 10%
% to be paid by you (13-10)=3% (12-10)=2% 10% (11-10)=1%

USD / EUR

Loan amount 75 000-500 000 USD 500 001-1 000 000 USD 1 000 001-2 000 000 USD
Full interest rate 11% 10% 9%
State co-financing (for 24 months) 8% 8% 8%
% to be paid by you (11-8)=3% (10-8)=2% 10% (9-8)=1%

Loan conditions for agricultural direction:

  • Minimum amount: 600 000 USD
  • Maximum amount: 2 000 000 USD

It is possible to get a loan: in GEL or USD

Interest rates:

Loan amount 600 000 – 1 000 000 USD 1 000 001 – 2 000 000 USD
Full interest rate 12% 11%
State co-financing (for 24 months) 10% 10%
% to be paid by you (12-10)=2% (11-10)=1%

Lending terms for tourism field:

  • Minimum amount: 75 000 USD (150 000 GEL)
  • Maximum amount: 2 000 000 USD
Loans available in GEL, USD or EUR

GEL

Loan amount 200 000-1 500 000 GEL 1 500 001-3 000 000 GEL 3 000 001-5 000 000 GEL
Full interest rate 17% 16% 15%
State co-financing (for 24 months) 10% 10% 10%
% to be paid by you (17-10)=7% (16-10)=6% 10% (15-10)=5%

USD / EUR

Loan amount 200 000-1 500 000 GEL 1 500 001-3 000 000 GEL 3 000 001-5 000 000 GEL
Full interest rate 11% 10% 9%
State co-financing (for 24 months) 8% 8% 8%
% to be paid by you (11-8)=3% (10-8)=2% 10% (9-8)=1%

Additional benefits for directions:

Grace period

  • For the part intended for fixed assets 24 months
  • For the part intended for working capital 18 months

State participation in loan security: in the amount of up to 30 % of the full amount of the loan and for up to 48 months

Infrastructure support - free transfer of certain property owned by the state, to manufacturers participating in the program, in the framework of the investment obligations

Consulting services - Organization of the state trainings for manufacturers participating in the program, and consulting support provision on the following issues: marketing, sales, business planning, finding export markets, the requirements existing in such markets, etc.

See more information on the following web page www.qartuli.ge or visit the branches of VTB Bank