JSC MFO Crystal (Crystal), Georgia's largest microfinance institution, has received a USD 5 million debt facility from Triodos Microfinance Fund and Triodos Fair Share Fund. The facility will support Crystal expand its outreach to micro and small firms and strengthen its liquidity position at a time when the region's macroeconomic instability is growing.
Crystal presently serves over 120,000 consumers through a nationwide network of locations, with the majority of them living in rural areas; 62 percent of its customers are women. The organization is the region's first Fitch-rated non-banking financial institution. The Chief Executive Officer of Crystal said that they are delighted to announce the long-term and promising partnership with Tridos Investment Management. They believe the investment will support the work Crystal is doing and will also promote the growth and economic recovery of their clients.