The National Bank of Georgia (NBG) has released its Financial Stability Report 2025, featuring a groundbreaking new annex: “Review of the Gender Distribution of MSME Financing.”
This marks the first official recognition and measurement of women’s participation in business finance — developed together with the NBG, the Investors Council, and Georgia’s commercial banks.
Through these joint efforts, a unified definition of Women-Owned and Women-Led Micro, Small, and Medium Enterprises (WMSMEs) has now been established for financial reporting purposes.
A business qualifies as a WMSME if:
- The entrepreneur is a female registered individual entrepreneur; or
- Female(s) own 50% or more of the company’s shares/stock; or
- The CEO and/or 50% or more of the governing body members are female.
This achievement lays the groundwork for data-driven policies and more equitable access to finance for women entrepreneurs across Georgia.
We initiated this crucial effort to standardize the WMSME definition and are delighted to see our vision translate into policy.
