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Swedish International Development Cooperation Agency

USA, Sweden and MFO Crystal support Georgia’s economic recovery from coronavirus

4 mins read

The FINANCIAL — The Development Finance Corporation (DFC), the Swedish International Development Cooperation Agency (SIDA), the United States Agency for International Development (USAID), and JSC MFO Crystal (Crystal) jointly announced a loan guarantee program to support Georgia’s private sector to recover from the COVID-19 pandemic. The program, facilitated by USAID, will allow Crystal to issue $15,000,000 in U.S. and Swedish-guaranteed loans to more than 5,000 Georgian micro-, small-, and medium-sized enterprises (MSMEs). The initiative represents Crystal’s first engagement in a loan guarantee program with international donor organizations. The large-scale guarantee will allow Crystal to diversify its offering of financial products…

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USA, Sweden and MFO Crystal support Georgia’s economic recovery from coronavirus

4 mins read

The FINANCIAL — The Development Finance Corporation (DFC), the Swedish International Development Cooperation Agency (SIDA), the United States Agency for International Development (USAID), and JSC MFO Crystal (Crystal) jointly announced a loan guarantee program to support Georgia’s private sector to recover from the COVID-19 pandemic. The program, facilitated by USAID, will allow Crystal to issue…