Crystal Received Grand Prix at the Georgia’s Responsible Business Contest

Tbilisi, December 17, 2018 – JSC Microfinance Organization Crystal has been awarded a Grand Prix at the Georgia’s Responsible Business Contest – Meliora 2018. The awards ceremony took place in Tbilisi on December 13, bringing together 41 companies and 76 projects.

MFO Crystal Partners with Asia-based Fund Manager

JSC MFO Crystal, the largest microfinance organization in Georgia, received financing from EFA Group, a Singapore-based asset management firm specializing in private debt, to support its expanding activities. MFO Crystal and EFA Group have signed a senior unsecured loan agreement of USD 2.5 million.

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.

Mission

We support micro and small entrepreneurs and smallholder farmers throughout Georgia in realizing their business potential, reaching financial stability and improving their living standards. As a socially active player, Crystal offers responsible, innovative and green financial solutions, in combination with expertise critical for the customers’ economic success.

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