Tbilisi, 2 April 2019 – Crystal has closed an equity deal with international investment funds, managed by Developing World Markets (USA) and AgRIF, managed by Incofin (Belgium). The company received an additional 10 million Georgian Lari (‘GEL’) as an equity investment. The investment aims to support the implementation of the company’s new strategy, which entails

March 20, 2019, Tbilisi – Galt&Taggart announced the issuance of GEL 15 million corporate bonds by Crystal, financial inclusion organization, which mature on March 2021. The annual coupon rate has been set at 4% over the National Bank of Georgia’s monetary policy (refinancing) rate. Crystal is the first non-banking financial institution in Georgia and the

Tbilisi, December 17, 2018 – JSC Microfinance Organization Crystal has been awarded a Grand Prix at the Georgia’s Responsible Business Contest – Meliora 2018. The awards ceremony took place in Tbilisi on December 13, bringing together 41 companies and 76 projects. The independent jury was comprised of the leading Georgian and international experts from the

JSC MFO Crystal, the largest microfinance organization in Georgia, received financing from EFA Group, a Singapore-based asset management firm specializing in private debt, to support its expanding activities. MFO Crystal and EFA Group have signed a senior unsecured loan agreement of USD 2.5 million where the facility will be used to provide credit to micro

The Green for Growth Fund (GGF) has provided a senior loan of $1.5 million to new partner JSC MFO Crystal (Crystal) to expand green energy lending in Georgia. The largest microfinance organization in the country, Crystal primarily serves microentrepreneurs and farmers, with a strong focus on rural clients. The institution is also unique among microlenders