News

April 17, 2019, Tbilisi–Bonds worth of GEL 15 million, maturity of 2 years was admitted to the category B listing of the Georgian Stock Exchange under the ticker #CRS02J. Admission was followed after Crystal second time issued corporate bonds and completed second transaction on Georgian capital market. Annual coupon was set at 4% over the National...Read More

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 Crystal’s transformation into the...Read More

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 region,...Read More

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...Read More

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...Read More

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...Read More

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 Minister for Peace and Disarmament and supported by Georgia Embassy in the United Kingdom....Read More

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...Read More

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,...Read More