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....Read More

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...Read More

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...Read More

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...Read More

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....Read More

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...Read More

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...Read More

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...Read More

Financial Inclusion Organization “Crystal” has moved to a new stage of digital transformation. As part of the digitization strategy, the company has successfully implemented ALTA software – a core banking system for business process management (BPM). New software package, which replaced Crystal’s legacy MFI core software (LoanKeeper), is thoroughly compatible with local business and banking...Read More