The facility supports Crystal’s ambition to further increase its outreach to micro and small businesses and to reinforce its liquidity position at a time of increasing macro-economic uncertainty in the region.
Through a nationwide network of branches, Crystal currently services more 120,000 customers, a large portion of them living in rural areas; 62% of its clients are women. The institution is the first Fitch-rated non-banking financial institution in the region.
Ilia Revia, Chief Executive Officer of Crystal: “We are delighted to announce long-term and promising partnership with Triodos Investment Management. This opening deal supports Crystal during a volatile period and is an important contribution to development of financial services in Georgia. The investment will support our work to promote growth and economic recovery of our clients.”
Tim Crijns, Fund Manager at Triodos Investment Management: “This debt facility marks the beginning of a long-term cooperation and underlines our trust in Crystal. Especially in these challenging times, we have a shared commitment to address the financing needs of the micro and SME sector in Georgia and build a strong and resilient local economy.”
Learn more about our investment activities in financial inclusion.