At the meeting hosted by the international organization “Microfinance Center” (MFC) in the city of Budva, Montenegro, Archil Bakuradze – the chairman of the supervisory board of the financial inclusion organization Crystal was elected as the chair of MFC board. It is noteworthy that from 2019 until now, Archil Bakuradze has been a member of...Read More

Proparco has granted a USD 10 million financing to the Georgian microfinance institution JSC MFO CRYSTAL (“Crystal”), to support the development of its loan portfolio. Crystal is the leading microfinance institution in the country and operates mainly in rural areas, targeting micro, small and medium enterprises (MSMEs) and the agricultural sector. This facility will be...Read More

Moneta is an investment tool, introduced by Crystal in November 2022. Legally the product is a promissory note (PN) regulated by respective law. Product advantages are security and high effective interest rate of up to 14% in GEL and 5.5% in USD, available both for individuals and legal entities. Crystal has introduced 2 types of...Read More

The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are proud to announce JSC Microfinance Organization Crystal as winner to receive a grant through the capital market support program for issuing GEL 25 million social bonds. 100% of the gender bond proceeds will be used to finance loans to woman-owned MSMEs,...Read More

TBILISI, GEORGIA (10 February 2023) — The Asian Development Bank (ADB) has invested GEL18.75 million (approximately $7 million) in a 2-year local currency gender bond issuance by Joint Stock Company Microfinance Organization Crystal (Crystal), the largest microfinance institution (MFI) in Georgia. It is the first certified gender bond issuance in the South Caucasus and in...Read More