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    Reference: 20190115
    Release date: 16 April 2019

    Promoter – Financial Intermediary

    JSC MFO CRYSTAL

    Location

    Description

    The project consists of a loan of up to EUR 4.14m (Equivalent in USD) to finance the microfinance portfolio of Crystal, a microfinance company in Georgia.

    Objectives

    The project will provide access to finance for micro/small enterprises specifically targeting women and populations living in rural areas.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 4 million

    Total cost (Approximate amount)

    not applicable

    Environmental aspects

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Procurement

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Status

    Signed - 17/09/2019

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Georgia Credit lines