Georgian Credit - Compliance

Compliance

Regulatory Compliance describes the goal that organizations aspire to achieve in their efforts to ensure that they are aware of and take steps to comply with policy, standard or law and regulations. A main incentive for the compliance of regulated institutions is that there is a high probability that a breach of law will be detected, followed-up and sanctioned.

Here at microfinance organization Georgian Credit we operate based on company’s sense of responsibility towards the community and environment (both social and ecological) in which we operate. Compliance with above mentioned standards aims to embrace responsibility for corporate actions and to encourage a positive impact on financial, social and ecological environment as well as on clients and stakeholders.

Compliance with:

International norms and practices (Universal Standards for Social performance Management SPM)

Georgian legislation (rule of law) “Law of Georgia On Microfinance Organizations (18.07.2006 N 3482)”

Corporate Culture and Ethical Standards at microfinance organization Georgian Credit

To ensure that all our activities and dealings with clients and stakeholders are in compliance with the above mentioned core values, we at microfinance organization Georgian Credit agree to adopt and practice the Code of Ethics.

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