News

A remarkable event celebrating a longstanding partnership between Georgia’s leading non-banking financial institution and the FMO, the Dutch entrepreneurial development bank was held in Georgia. The event was attended by Maurice Paulussen, Deputy Head of Mission, Embassy of the Kingdom of the Netherlands in Georgia, representatives of regulatory authorities, diplomatic corps, investors, partners and donor...Read More

Crystal has signed a USD 5 million senior loan agreement with the Kiva Refugee Investment Fund and the Small Business Resilience Fund, both managed by Kiva Capital. The facility intends to support Crystal’s MSME clients and to enhance the provision of financial services during Crystal’s ongoing banking transformation process. A portion of the loan is...Read More

In 2024, the financial inclusion organization Crystal raised financial resources worth $ 90 million from local and international financial institutions, thereby exceeding the same figure for 2023 by $ 12 million. Among the international partners, in 2024, Crystal raised funding from the reputable and large financial institutions such as BlueOrchard Finance Ltd, responsAbility Investment AG,...Read More

“Crystal” will continue to operate in the Georgian financial market as a microbank, having already obtained a relevant license from the National Bank of Georgia. Receipt of a microbank license rightly confirms Crystal’s position as a strong, responsible, stable, transparent and reliable financial institution not only in Georgia, but also in the entire region. With...Read More

The financial inclusion organization Crystal has conducted a training for its employees on the importance of gender equality and diversity in partnership with the Asian Development Bank. For Crystal, promotion of gender equality is one of the priority areas and a corporate social responsibility (CSR) value of paramount importance. The training participants were first introduced...Read More

The financial inclusion organization Crystal has earned another international recognition, being awarded the Silver Certificate in Client Protection this time. The award confirms that Crystal is strongly committed to observing global customer protection principles, implementing reliable and transparent approaches, responsible and prudent lending policies to avoid over-indebtedness, showing utmost care for personal data protection, and...Read More

The financial inclusion organization Crystal has earned the spotlight for the project, which the company rolled out specifically in support of Ukrainian refugees. At the IFC-hosted event in Geneva, Crystal’s CEO, Ilia Revia introduced the project targeting Ukrainian refugees to the audience of large donors and international organizations. The meeting was aimed at attracting new...Read More

The financial inclusion organization “Crystal” is working on the introduction of electronic signatures in its business processes, seeking to phase out paper consumption and fully digitize its activities. The project will contribute to the reduction of paper use and environmental damage, as well as other material signature-related expenses — printers, cartridges, archiving, courier services, etc....Read More

Financial Inclusion Organization Crystal has announced a new USD 15 million credit facility deal (out of which USD 10 million committed and USD 5 million uncommitted) with FMO, the Dutch Entrepreneurial Development Bank. This latest agreement strengthens the continuous partnership between both parties, following the first collaboration in 2017. FMO’s investment reflects its focus on...Read More