GeoCapital is Georgia’s fastest-growing, internationally-backed microfinance organization and the largest direct US investment in Kutaisi (Imereti region) with American management in place. We offer competitive rates, excellent service and free financial literacy education to the people of Georgia.
GeoCapital is a for-profit organization. Our Commercial Mission is to provide loans to individuals in the Republic of Georgia. GeoCapital offer small loans for almost any purpose including starting or expanding a business, education, completing a remodel, travel and medical procedures. All of the loans are backed by either gold, houses or cars.
Our Social Mission is to increase the financial literacy of individuals in the communities we serve. GeoCapital offers free classes and workshops in both personal and business finance. Our classes are open to the public, and the effort is lead by Daan Harmsen, a recent Harvard graduate who has moved to Kutaisi to join the GeoCapital team. A individual does not need to be a borrower to participate in our educational offers.
GeoCapital is Privately Held by a small group of Georgian and US citizens. All owners participate actively in the development of our organization. The money we loan to our communities comes predominately from friends and family in the form of debt investment. We expect future debt capital will also come from international investment funds.
GeoCapital is Growing. After a year of operation, GeoCapital has two locations, twenty employees and has loaned over $2M to borrowers the local community. We expect this numbers to increase to $5M by the end of 2012. During our first year of operation, our borrower default rate was under 1%, with full recovery of pledged assets, providing for consistent, stable growth.
Interesting Links
The President of Georgia, Misha Saakashvili and 5 year old Ekaterine Nikoladze
open GeoCapital's Central Branch in the historical section of Kutaisi.
Why invest in Georgia? Watch a video of two GeoCapital board members answering that very question.
For more information, please e-mail us.
media@geocapital.ge
invest@geocapital.ge
loans@geocapital.ge
learn@geocapital.ge
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