Georgian Microfinance Association

The Georgian Microfinance Association was established in August 2009 and serves as a professional association representing the microfinance sector in Georgia.

The Association’s members include microfinance organizations, microbanks, and commercial banks, which, based on shared interests, contribute to the development and strengthening of the microfinance sector in Georgia and the advancement of modern industry standards.

Objectives of the Association

The Georgian Microfinance Association aims to promote the sustainable, responsible, and inclusive development of the microfinance sector in Georgia, protect the interests of its members, and contribute to greater financial awareness and accessibility.

The Association’s key objectives are:

  • Promoting the development and strengthening of the microfinance sector — supporting the sector’s sustainable growth, innovation, competitiveness, and the adoption of international best practices;
  • Promoting financial inclusion — supporting improved access to financial products and services for individuals, as well as micro and small businesses;
  • Raising public awareness and financial literacy — increasing public understanding of microfinance, responsible lending, and financial products and services;
  • Promoting responsible lending practices — supporting transparent, responsible, and customer-focused approaches to the provision of financial services;
  • Fostering a balanced and informed public perception of the microfinance sector — promoting objective information about the role, importance, and contribution of the sector to the Georgian economy;
  • Supporting the professional development of sector employees — facilitating training, educational programs, professional events, and knowledge-sharing initiatives;
  • Protecting the rights and interests of member organizations — representing members’ common interests and supporting the protection of their legal, professional, and institutional interests;
  • Strengthening dialogue and cooperation — fostering cooperation with government institutions, regulatory authorities, financial institutions, the business community, academia, and other relevant stakeholders;
  • Developing international cooperation — establishing and strengthening partnerships with international organizations, financial institutions, and professional associations, while facilitating the exchange of international experience and best practices;
  • Supporting research and sector development — promoting research, analysis, and data-driven initiatives related to the microfinance sector;
  • Promoting innovation and digital financial services — supporting the adoption of financial technologies, digital services, and modern approaches that contribute to the development of the sector.