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TBC Credit extends grant to refugees and IDPs in business

TBC Credit extends grant to refugees and IDPs in business

05 August 2009 13:37 (UTC +04:00)

Baku. Nijat Mustafayev - APA-Economics. TBC Credit non-bank lending institution (former SOA Credit) and Komek international humanitarian non-governmental organization have extended a grant to refugees and internally displaced persons who are engaged in business.

TBC Credit said the first tranche of grant was successfully delivered last week and the second tranche will be distributed by the year-end.

SOA Credit changed its name to TBC Credit after being acquired by Georgiaâ€™s TBC Bank. The company has started lending loans since 2000.
Georgiaâ€™s TBC Bank took a 75% stake in SOA Credit.

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