JSC MFO Crystal (a detailed MixMarket report can be found here) is a dynamically growing microfinance organization that supports micro, small and medium businesses in Georgia with the objective of reducing poverty and assuring sustainable economic development. Through the expanding network of offices, Crystal offers a wide range of financial services to low-income and economically viable entrepreneurs. Committed to good corporate governance, Crystal aims to keep the balance between social objectives and uncompromised financial performance.

Crystal offers small loans to expanding businesses as well as to start-ups. The amount of loans ranges between 100 and 10,000 US Dollars. The monthly interest rates are between 1.5% - 3.0% with loan duration from 4 to 24 months. Crystal provides individuals and legal entities with business and consumer loans.

Currently, Crystal is in the process of developing and implementing a micro-insurance product that combines excellent risk coverage with low premium installment and contains a savings and / or pension element. In this process, Crystal has received assistance from the P&D Network and the Micro Insurance Association Netherlands (MIAN), which together designed the proper strategy for Crystal to enter the Georgian insurance market.