An amendment to the Law on Microfinance Organizations has been approved, increasing the maximum limit for microloans from GEL 100,000 to GEL 200,000. The change aims to strengthen support for small and medium-sized enterprises (SMEs) and enhance access to finance across Georgia.

According to the National Bank of Georgia (NBG), the amended law also grants the Bank expanded regulatory authority, enabling it to set additional requirements for microloans through official regulations. These measures are intended to safeguard the microfinance sector from excessive risk and ensure the long-term stability of its operations.

“Microfinance organizations will be able to introduce new products and services for their customers. SMEs will benefit from access to larger financial resources, allowing them to grow their businesses, contribute to economic development, and create new jobs,” the NBG stated.

The amendment has passed its third and final reading in the Parliament of Georgia. The bill was co-authored by the Ministry of Economy and Sustainable Development and the National Bank of Georgia, with the Government of Georgia acting as the main initiator.