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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, batteries, and other recyclable waste can be collected. The materials will be recycled by TENE for the production of USB cables. Being environmentally friendly, addressing...
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The financial inclusion organization Crystal and International Finance Corporation (IFC) join forces to support business activities of Forcibly Displaced Persons (FDPs) from Ukraine currently residing in Georgia on permanent or temporary basis. As part of the cooperation, the Ukrainian refugees will gain access to financial products and services tailored to their specific needs, as well...
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Tbilisi/Luxembourg, March 29: Financial Inclusion Organization Crystal has signed a $2 million subordinated debt agreement with BlueOrchard Impact Credit Fund. The facility will strengthen capital position of the company and will be applied towards growth, improving financial resilience and outreach to the underserved micro and small businesses. The sub-debt transaction, alongside with $4 million senior...
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The financial inclusion organization “Crystal” has officially applied for a micro bank license to the National Bank of Georgia. The submission of the license was preceded by hard and intensive work, aimed at aligning the company’s procedures, information technologies, internal organizational and business processes with the relevant legislation, regulations and the specifics of the banking...
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The financial inclusion organization “Crystal” was announced as a winner of BARTA 2023 – the Best Annual Report and Transparency competition for the fifth time in a row, in the category of a large financial company. Being held in Georgia since 2019, the interest towards the Best Annual Report and Transparency Award (BARTA) keeps steadily...
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The financial inclusion organization Crystal has released the results of its 2022 social impact assessment, entailing a detailed study of the socio-economic impact the company’s credit services have on its customers. The findings were presented at the event dedicated to the 25th anniversary of Crystal. According to the conducted research, “Crystal” rates the highest in...
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Crystal, Georgia’s premier non-banking financial institution is celebrating its 25 years’ anniversary. The company hosted a special reception, attended by parliamentary and executive authorities, representatives of diplomatic corps, international organizations, esteemed investors, partners, and clients. The motto of the anniversary – 25 years together – was chosen to precisely convey the unity of the company...
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The financial inclusion organization Crystal steadily continues to promote the development of energy efficient and alternative fuel market, offering customers special installments to purchase EE stoves. The special product allows interested persons to acquire energy-efficient stoves through a consumer loan, and repay the liability in equal installments. The product has been designed within the framework...
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The project run by Crystal – “Women’s Empowerment for Reducing Inequalities” has been announced as a winner in the Corporate Sustainability Award, hosted by the UN Global Compact Georgia Network. The company received the award in the nomination of reduced inequality (Sustainable Development Goal 10/SDG 10), in the large business category. The presented project describes...
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Tbilisi/Amsterdam, June 29: Financial Inclusion Organization Crystal has signed a $1.2 million subordinated loan agreement with its long-standing partner Triple Jump through AMP of ASN Impact Investors. The facility will play an important role in growing Crystal’s capital base and enabling the organization to expand the services across Georgia. Funding will be utilized in financing...
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