Release date: 16 April 2019
Promoter – Financial Intermediary
JSC MFO CRYSTALLocation
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)
- Credit lines - Credit lines
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).