Crystal Fund is a not-for-profit organisation, established in 2003 on the basis of the Micro-Lending Programme of the Charity Humanitarian Centre “Abkhazeti” (CHCA), the premier national NGO assisting the displaced people. Since its inception, Crystal Fund’s sole activity was microfinance. In 2004, Crystal Fund was registered as a specialized microfinance fund, until 2007, when the entire business operation was transferred to the JSC MFO Crystal. At that point, the Crystal Fund changed its mission in order to focus on strengthening the self-reliance of vulnerable groups and contributing towards poverty reduction in Georgia. On the later stage the strategy of Crystal Fund targeted financial inclusion, the role of technology in access to finance as well as financial education.
1998-2004
CHCA Micro-lending Programme
2004
Spin-off into Crystal Fund
2004-2007
Specialised microfinance foundation
2007 – onwards
Transformation into JSC Crystal Fund’s new mission