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MFO Crystal: Fluctuations in GEL Rate Spooked Companies

Director  of the  MFO Crystal states in an interview with radio  “Commersant” that 2014 was productive for the company and the sector, but the recent national currency fluctuations  and the uncertain situation have spooked  the companies.

In the words of Malkhaz Dzadzua,  if there is no surprises in this regard in the current year, Crystal plans  to grow  and attract $ 25-26 million credit resources to  increase funding of regions  in 2015.

Crystal’s credit portfolio today exceeds  GEL 70 million. “Crystal” is the second largest company in the microfinance sector.