geo/georgia
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.
FINCA Impact Finance’s network of 21 microfinance institutions and banks provides responsible financial services that enables low-income entrepreneurs and small business owners to invest in their future.
British International Investment (ex CDC Group) is UK’s development finance institution and wholly owned by the UK government. It supports businesses throughout Africa and South Asia.
OPIC is the DFC - U.S. Government’s development finance institution. It mobilizes private capital in emerging and frontier economies to address development challenges and advance US foreign policy objectives.
