On May 29, 2013, MIGA issued guarantees totaling $1.8 million covering equity investments and shareholder loans by two individual American investors in GeoCapital, Georgia. The coverage is for a period of up to three years against the risks of transfer restriction, expropriation, and war and civil disturbance. 
In Georgia, access to finance is one of the main constraints for both companies and individuals. GC is helping a part of the “unbankable” population gain access to credit and loans for purposes ranging from home equity loans to medical, educational, and income-generation loans. As a large portion of these loans are extended to individuals, they enhance Georgians’ capacity to pay for social services.
GC’s loans carry a lower interest rate than other microfinance institutions operating in the country. This competition has resulted in other institutions’ reductions in their rates by an annual average of 20 percent—to the benefit of low-income consumers.
Since its establishment in 2011, GC has opened three branches and employs 30 people. The company has plans to open 17 new branches within the next three years.
The World Bank Group Country Partnership Strategy for Georgia recognizes that credit constraints are severe in the country, and the project addresses this concern. MIGA’s support for this investment is also aligned with the Agency’s strategy of supporting investments into countries eligible for concessional lending from the International Development Association.
The project is underwritten through MIGA’s Small Investment Program.
 The guarantee was cancelled on May 28, 2016.