Tbilisi / Essen: MFO Crystal and BANK IM BISTUM ESSEN eG (BIB) have strengthened their partnership through a new USD 6 million loan agreement. New loan facility will increase Crystal’s capacity to provide innovative financial services to micro, small and medium-size enterprises, and low-income clients in Georgia’s regions. Since 2014, BIB has been actively engaged...Read More

Tbilisi, Georgia & The Hague, the Netherlands: Financial Inclusion Organization Crystal has reinforced a well-established partnership with FMO, the Dutch entrepreneurial development bank through a USD 10 million credit facility to support Crystal’s innovative financial services for small and medium companies, micro entrepreneurs, women, youth and farmers throughout Georgia. Crystal and FMO have enjoyed fruitful cooperation since...Read More

Tbilisi – 22 July 2021: Fitch Ratings published a revised Rating, removing Rating ‘Watch Negative’ (RWN) and affirming Long-Term IDR ‘Stable’ for Crystal. Fitch outlines that rating affirmation reflects Crystal’s continued access to borrowings from foreign lenders in 2Q21, thereby successfully reducing refinancing risk. The ratings of Crystal reflect its leading position in the Georgian...Read More

Symbiotics, the leading market access platform for impact investing, has arranged the first Sustainability Bond ever issued in Georgia by raising USD 5 million in Georgian Lari equivalent for JSC MFO Crystal (“Crystal”). The proceeds of the Sustainability Bond will be granted towards the promotion of sustainable development, SME funding, energy efficiency and renewable energy. ...Read More

Tbilisi/Zurich: Financial Inclusion Organisation Crystal has strengthened longstanding partnership with Swiss Impact Investment Manager responsAbility Investments AG with a new $5 million senior facility to support Crystal’s clients to tackle post-pandemic challenges. Loan is intended to support development of innovative financial services to micro entrepreneurs and farmers across Georgia. Crystal and responsAbility Investments AG have...Read More