The Grameen Crédit Agricole Foundation renews its partnership with the Georgian MFI Crystal
The GCA Foundation has granted a € 2.5 million loan to the Georgian microfinance institution Crystal, over a three-year period. This is the second loan granted by the Foundation to this microfinance institution, a partner since 2014.
Crystal is a local microfinance institution that supports the development of small and medium-sized enterprises. The institution offers a wide range of financial services, including agricultural loans, loans for housing and consumer loans or money transfer services.
With this investment, the Foundation, which has thirteen partners in the Eastern Europe and Central Asia region, records a total amount of commitments of € 3.8 million in Georgia, that is 24.2% of its commitments in the region.