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

Crystal sponsored the reception for Georgian start-up entrepreneurs in the UK’s House of Commons On June 14th, Crystal and Crystal Fund  arranged a reception at the House of Commons in London. The main theme of the event was UK-Georgia technology, trade and investment cooperation. The reception was hosted by Mr. Fabian Hamilton MP, a Shadow

London-07 June 2018: Fitch Ratings has affirmed JSC MFO Crystal’s (Crystal) Long-Term Issuer Default Ratings (IDRs) at ‘B’ with a Stable Outlook. The affirmation of Crystal’s Long- and Short-Term IDRs reflects the stability of the company’s business model, risk appetite and financial performance. The ratings also reflect Crystal’s focus on microfinance lending in the relatively

On 17th of May, 2018, bonds issued by JSC MFO Crystal (I/N 212896570) was admitted on Georgian Stock Exchange. Bonds worth of GEL 10 million, maturity of 2 years was admitted to the category B listing of the Georgian Stock Exchange under the ticker #CRS01J Senior unsecured Notes – issued and sold on 28th of December,