In March 2023, Golomt Bank successfully completed a fourth medium-term loan agreement with Enabling Qapital AG for a funding of USD 5 million in order to provide products and services that meet the needs of its customers more easily and quickly.

This agreement is a milestone for Golomt Bank and with the long favorable business together with Enabling Qapital AG has enabled us to expand our business opportunities with other international impact investment funds. With this facility, Golomt bank will increase the availability of discounted loans for SMEs and MSME clients who have urgent financial needs in the medium and long term, increasing and maintaining jobs, and loans that will contribute to advancing the Sustainable Development Goals.

Golomt Bank has identified sustainable development as the main area of its strategy and is developing a medium-term “Sustainable Development Strategy” to be implemented in 2022-2025. As part of this, in 2022, with the goal of increasing the portfolio of business and consumer loan products, Eco Car Loan, Green House Loan, and Green Business Loans have been successfully introduced to the market. Additionally, from 2021, various programs geared toward female customers have been implemented under the slogan of “Bank that values gender equality” and “Bank supporting women.”

Enabling Qapital AG manages the Enabling Microfinance Fund, which is an impact investment fund, founded in 2008 with an aim to support promising, responsible, profitable and sustainable Micro, Small and Medium Enterprise Financing Intermediaries that focus on achieving social impact.  Enabling Qapital AG enables access to capital where it is needed most and to promote financial inclusion to people in developing economies currently overlooked by the financial system. For more information, please visit the following link:  https://enabling.ch/

We greatly appreciate Enabling Qapital AG for expanding our cooperation and continued support and trust.