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MFO Crystal — bonds & company profile

company MFO Crystal
full company name Micro Finance Organization Crystal
country of risk Georgia
country of registration Georgia
industry Financial institutions
ICB 8700 Financial Services


JSC MFO Crystal is a dynamically growing local microfinance organization, supporting development of micro and small business sectors in Georgia. Crystal offers a wide range of high quality financial services to the customers including: micro, SME and agro loans for start-ups and operating businesses; housing and consumption loans; currency exchange services; remittances; utility payment service etc. Headquartered in Kutaisi (West Georgia), Crystal is mainly focused on micro entrepreneurs and farmers living and working in regions and remote areas. For 2017 almost 29% of the company’s loan portfolio is concentrated in non-urban areas.

Issuer credit rating

Rating AgencyRatingRating scaleDate
Fitch Ratings *** LT Int. Scale (foreign curr.) ***
Fitch Ratings *** LT Int. Scale (local curr.) ***
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Outstanding bond issues amount

Сurrency Outstanding bond issues Cumulative volume
GEL 1 15 000 000


Issue Volume, mln Status
MFO Crystal, FRN 1feb2021, GEL 15 GEL outstanding
MFO Crystal, FRN 28dec2019, GEL 10 GEL redeemed
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