News

Crystal and DWM Asset Management strengthened partnership by GEL 20 Million Facility

Tbilisi / Luxembourg: Financial Inclusion Organization Crystal has confirmed that it has entered into a GEL 20 million senior loan transaction with its long-standing partner, DWM (Developing World Markets). This new credit facility supports Crystal’s mission in supporting micro, small and medium-size enterprises throughout Georgia. Crystal and DWM have built a fruitful partnership in support...
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Crystal Continues Banking Transformation Process with FMO’s Support

The Financial Inclusion Organization Crystal continues its banking transformation program and recently signed a technical assistance agreement in the amount of EUR 200 000 with its long-standing partner FMO, the Dutch entrepreneurial development bank. The two-years assistance program will contribute to the banking transformation objective.  Crystal launched transformation project in the second half of 2021....
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Crystal and German Sparkassenstiftung (DSIK) signed the Memorandum of Cooperation

Financial Inclusion Organization Crystal and German Sparkassenstiftung (DSIK) have signed the Memorandum of Cooperation. The memorandum has been implemented within the framework of the project “Increasing access to Finance for Sustainable Development of the Small and Micro Entrepreneurs in the Southern Caucasus and Ukraine”. The program aims providing sustainable and responsible financial services to the...
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Crystal continues to support the Ukrainian people together with the Red Cross

Financial Inclusion Organization Crystal continues supporting the Ukrainian people. Under cooperation with the Red Cross Society of Georgia Crystal has allocated GEL 10,000. Local representation of the Red Cross is actively engaged with communication Ukrainian Society, which has become the channel for delivering humanitarian aid from Georgia. Crystal has already allocated GEL 100,000 for humanitarian...
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Crystal supports the Ukrainian people

Another plane flew from Georgia to Ukraine with humanitarian aid. Part of the shipping costs were financed by Crystal in cooperation with the Embassy of Ukraine in Georgia, the company transferred GEL 50,000 to send aid. A total of 40 tons of humanitarian aid – medicines, medical equipment, hygiene items, products, clothes and other necessary...
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MFO Crystal and Triodos Investment Management Announced Partnership by $5 Million Facility

Tbilisi/ Netherlands: Financial Inclusion Organization Crystal signed agreement on USD 5 million senior loan with Triodos Microfinance Fund and Triodos Fair Share Fund, financial inclusion funds managed by Triodos Investment Management. This facility intends to support Georgia’s micro and small entrepreneurs, to improve provision of innovative financial services by Crystal and to expand credit portfolio....
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Vacancy Call for Independent Members of Supervisory Board

Organisation JSC MFO Crystal (‘Crystal’) is the leading financial inclusion organisation and the largest non-banking financial institution in Georgia. It manages the loan portfolio of GEL 360 million, employing more than 1,000 members of staff, operating through 48 branches and serving more than 120,000 unique customers across Georgia.  Crystal acts as a platform for economic...
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Crystal Covers Internet Fee for School Students

Quality Education is one of Crystal’s sustainable development goals. Achieving inclusive and quality education for all is one of the powerful vehicles for fulfilling sustainable development. Crystal follows its mission and strives to contribute for the better future. For New Year Season, Crystal financed Internet fee for more than 50 socially vulnerable students. Promoting youth...
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Crystal – Honorary Award Winner for Annual Report and Transparency for the Third Year in a Row

Crystal re-affirmed its position as an honorary award winner at the Best Annual Report and Transparency Competition (BARTA) for the third year in a row. This time, the company earned the recognition for the content, quality, and openness of its annual reporting. The award underscores the stable growth of the company and demonstrates that strong...
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