Georgian Credit - Strategy

Strategy

"Corporate Social Responsibility (CSR) is the continuing commitment by business to contribute to economic development while improving the quality of life of the workforce and their families as well as of the community and society at large."

Our understanding of CSR is based on the fundamental belief that a coherent Corporate Social Responsibility strategy, based on ethical standards, international norms, practices and core values, offers clear business benefits. Sustainable development largely effects: economic growth, ecological balance and social progress.

By strengthening the principles of Corporate Social Responsibility, here at microfinance organization Georgian Credit we commit ourselves to promote actively internationally agreed corporate social responsibility and labor standards, higher environmental standards and better governance. Our initiative is based on strong believe within our company, that corporate success and social welfare are interdependent.

The vision of Social Performance Task Force (SPTF) is that social performance management (SPM) is standard business practice and considered fundamental to achieving the social promise of microfinance and sets universal standards for SPM for all MFIs:

Define and Monitor Social Goals

Ensure Board, Management, and Employee Commitment to Social Goals

Design Products, Services, Delivery Models and Channels That Meet Clients’ Needs and Preferences

Treat Clients Responsibly

Treat Employees Responsibly

Balance Financial and Social Performance

Microfinance organization Georgian Credit aims to implement the above notes standards in our everyday activities and to become the flagman of Corporate Social Responsibility standards and ethics on Georgian market and be exemplary for other institutions to follow.

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