The past 25 years have seen incredible change in Georgia. Over this period, JSC MFO Crystal has grown from a small business project within a not-for- profit organisation founded by a group of internally displaced persons (IDPs) to the largest microfinance institution in Georgia.
People
A tangible social impact on households
Planet
Carbon-neutral across all operations
Profit
Attractive return for investors
OUR HISTORY AND VALUES
The past 25 years have seen incredible change in Georgia. Over this period, JSC MFO Crystal has grown from a small business project within a not-for- profit organisation founded by a group of internally displaced persons (IDPs) to the largest microfinance institution in Georgia.
104 thousand
CUSTOMERS
60%
WOMEN CUSTOMERS
1000
MEMBERS OF STAFF
$179 million
LOAN PORTFOLIO
28.38%
PORTFOLIO YIELD
7.61%
TOTAL NPL
MFO Crystal
Customers
“
Crystal has perfect service quality. Employees are highly attentive, they put a primary focus on customers. Whenever I have a question or require an additional support, I always get a contact with the right person and receive quick feedback.
Gulnara
“
Crystal is distinct by simplicity and comfort of the borrowing process.
Ednar
“
An excellent institution to deal with, with strong commitment to the areas they service. All staff are very professional and knowledgeable. They quickly resolve any issue and provide specific service.
Giorgi
“
I have been cooperating with Crystal for long time thanks for the financial and strong advisory contribution from the financial institution. They offered huge support – with the help of Crystal I met all business expenses, purchased inventory and increased revenues.
Nana
Achievements
Achievements
The Largest Non-bank financial institution
Innovation DNA: FINTECH, DATA, E-Commerce, Green
First Fitch-Rated Non-Bank and First Women bond
The highest in region social rating 'A' by mfr in 2020
The financial inclusion organization Crystal has conducted a training for its employees on the importance of gender equality and diversity in partnership with the Asian Development Bank. For Crystal, promotion...Read More
The financial inclusion organization Crystal has earned another international recognition, being awarded the Silver Certificate in Client Protection this time. The award confirms that Crystal is strongly committed to observing...Read More
The financial inclusion organization Crystal has earned the spotlight for the project, which the company rolled out specifically in support of Ukrainian refugees. At the IFC-hosted event in Geneva, Crystal’s...Read More
The financial inclusion organization “Crystal” is working on the introduction of electronic signatures in its business processes, seeking to phase out paper consumption and fully digitize its activities. The project...Read More
Financial Inclusion Organization Crystal has announced a new USD 15 million credit facility deal (out of which USD 10 million committed and USD 5 million uncommitted) with FMO, the Dutch...Read More
Financial inclusion organization Crystal has signed a USD 10 million senior loan agreement with several funds managed by its longstanding partner, the leading Swiss impact asset manager, responsAbility Investment AG...Read More
Crystal’s Chief Executive Officer, Ilia Revia, attended an event organized by the Asian Development Bank in Luxembourg. The event was dedicated to the topic of sustainable financial sector, while also...Read More
The reputable international credit rating agency Fitch Ratings has improved the Long-term Issuer Default Rating (IDR) of the financial inclusion organization Crystal, to ‘B’ Stable upgrading from ‘B-‘ Positive outlook....Read More
In partnership with the Georgian USB cable manufacturer TENE, Crystal will collect plastic waste for recycling. Special green boxes have already been installed in the company’s premises, where used plastic,...Read More
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