GGF & Crystal to Expand Energy Efficiency Financing in Georgia
The Green for Growth Fund (GGF) has provided a senior loan of $1.5 million to new partner JSC MFO Crystal (Crystal) to expand green energy lending in Georgia. The largest microfinance organization in the country, Crystal primarily serves microentrepreneurs and farmers, with a strong focus on rural clients.
MFO Crystal at UK’s House Of Commons
Crystal sponsored the reception for Georgian start-up entrepreneurs in the UK’s House of Commons On June 14th, Crystal and Crystal Fund arranged a reception at the House of Commons in London. The main theme of the event was UK-Georgia technology, trade and investment cooperation. The reception was hosted by Mr. Fabian Hamilton MP, a Shadow
Fitch Affirms MFO Crystal at ‘B’
Fitch Ratings has affirmed JSC MFO Crystal’s (Crystal) Long-Term Issuer Default Ratings (IDRs) at ‘B’ with a Stable Outlook. The affirmation of Crystal’s Long- and Short-Term IDRs reflects the stability of the company’s business model, risk appetite and financial performance. The ratings also reflect Crystal’s focus on microfinance lending in the relatively