News

Tbilisi/Luxembourg, 30 October 2019 – EU4Business: EIB and JSC MFO Crystal support microenterprises in Georgia through a new financing operation EIB loan is expected to improve access to finance for around 10,000 micro-entrepreneurs, women, young and disadvantaged people living in rural areas will benefit most second EIB Group microfinance operation in Georgia. The European Investment...Read More

October 15, 2019, Tbilisi – Financial inclusion organization Crystal, Habitat for Humanity International – the sponsor of the MicroBuild Fund  and Triple Jump, MicroBuild Fund’s Manager together hosted the fund’s governing board and the investment committee. Meeting purpose was to personally meet with client, to assess funding impact, consequences and evaluate the value financing has...Read More

October 21, 2019, Tbilisi – Crystal Blitz Chess Game “All Women Are Champions!” was held in partnership with Georgia Chess Federation, which was dedicated to Crystal Fund and JSC MFO Crystal’s women economic empowerment initiatives. This is part of a larger campaign, aimed at empowering entrepreneurial potential among Georgian women. Participants of the event had opportunity...Read More

On September 25th, in New York City the United Nations Global Compact (UNGC) announced ten SDG Pioneers and greeted the local SDG Pioneers from around the world – young business leaders who are doing an exceptional job to advance the Sustainable Development Goals (SDGs) locally. For the first time Georgia was presented in the competition by...Read More

Istanbul, June 17, 2019 – JSC MFO Crystal and Black Sea Trade and Development Bank signed senior loan agreement of GEL 15,000,000. The facility intends working capital financing for industrial, agricultural and manufacturing enterprises for Georgia based entrepreneurs. This is the first step forward starting collaboration with BSTDB a prominent and distinctive partner, which has contributed...Read More

Milan, May 15th , 2019: After a thorough review of Crystal’s documents as well as after a week-long visit to Crystal’s Headquarters and Branches in Georgia, Global Rating Agency MFR (MicroFinanza Rating) and its Social Rating Committee – based on the Social Rating scale adopted by MicroFinanza Rating – has assigned to the Financial Inclusion Organization Crystal the Grade: sA- (While AA being...Read More

Kutaisi, Tbilisi, 23 May 2019 – JSC MFO Crystal is pleased to announce the appointment of Ilia Revia as Chief Executive Officer, effective from June 3, 2019. Ilia Revia worked in IT sector since 1998, and in Georgian banking industry since 2007. In 2009 he joined the Bank of Georgia as a project manager and progressed to the position of Deputy Chief Information Officer in 2014. He has successfully managed a number of complex change management projects such as...Read More

On May 2nd, Georgian Corporate Social Responsibility Club (CSR Club), Swedish International Development Cooperation Agency, CiDA and the UN Global Compact Network Georgia hosted a high-official event of the “Corporate Social Responsibility Awards 2019”. The CSR Award Competition brought together 33 major business companies from Georgia, with winners being announced in 5 nominations. Among them...Read More

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