Guarantee with MFO Crystal Guarantee with MFO Crystal Sida och United States International Development Finance Corporation (DFC) /United States Agency for International Development (USAID) genomför tillsammans en samgaranti för att stöjda JSC MFO Crystal (Crystal) i Georgien. Insatsen är en låneportföljgaranti för perioden 2020-2028. 

Insatsen syftar till att stärka JSC MFO Crystal's förmåga att utge lån till produktiva MSMEs i Georgien mot en brett spektrum av sektorer inkluderande men inte begränsat till kreativ industri (inkluderande hantverk och film), lätt tillverkning, turism, ICT, e-handel, jordbruk, och logistik med ett fokus på grupperingar som har sämre tillgång till lån, inkluderande kvinnor (inte mindre än 30 % av utbetalning under garantin), startups och låntagare utanför huvudsakliga urbana områden (inte mindre än 20 % av utbetalningar under garantin). Lånen syftar till att hjäpa MSMEs i Georgien att hantera den pågående COVID-relaterade ekonomiska krisen, och därmed stimulera ekonomisk tillväxt. 

Total utlåning under garantin är 15 000 000 USD (maximalt kumulativt belopp av lån under garantin). Insatsen är icke-revolverande med en låneportföljstruktur där risken delas lika mellan Sida (25%) och USAID (25%) pari passu, och den återstående delen bärs av garantitagaren, JSC MFO Crystal. Garanterat belopp är 7 500 000 USD (Sida 3 750 000 USD och USAID 3 750 000 USD) Sida and United States International Development Finance Corporation (DFC) /United States Agency for International Development (USAID) implements a co-guarantee partnership in the support of JSC MFO Crystal (Crystal) in Georgia. The contribution is a loan portfolio guarantee for the period of 2020-2028. 

The intervention aims at strengthening JSC MFO Crystal's ability to provide loans to productive MSME’s in Georgia in a broad array of sectors, including but not limited to creative industry (including artisans and film), light manufacturing, tourism, information communications technology, e-commerce, agriculture, and logistics, with a focus on underserved borrower groups, including women (not less than 30 % of disbursements under the guarantee), start-ups and those outside of the major urban centers (not less than 20 % of disbursements under the guarantee). The loans will assist MSMEs in Georgia to weather the current COVID related economic crises, thereby stimulating economic growth. 

Total disbursed amount under the contribution is US$15,000,000 (The maximum cumulative amount of all loan disbursements). The intervention is a non-revolving guarantee with loan portfolio structure where the risk is shared equally between Sida (25 %) and USAID (25 %) pari passu, and the remaining risk is carried by the Guarantee Party, JSC MFO Crystal. The guaranteed amount is US$7,500,000 USD (Sida US$3,750,000 and USAID US$3,750,000). Purpose of contribution"The guaranty provided under the terms and conditions of the Agreement (the “Guaranty”) is intended to strengthen the Guaranteed Party’s ability to provide loans to productive MSME’s in Georgia in a broad array of sectors, including but not limited to creative industry (including artisans and film), light manufacturing, tourism, information communications technology, e-commerce, agriculture, and logistics, with a focus on underserved borrower groups, including women, start-ups and those outside of the major urban centers. The loans will assist MSMEs in Georgia to weather the current COVID related economic crises, thereby stimulating economic growth. No less than twenty percent (20%) of the total number of Qualifying Loans must be made to Qualifying Borrowers located outside of the major cities of Tbilisi, Batumi and Kutaisi. No less than thirty percent (30%) of the total number of Qualifying Loans must be made to Qualifying Borrowers who [are women or that are] women-managed MSMEs or NGOs.