Tbilisi (GBC) - Credit activity of microfinance organizations has increased.

According to the report for 9 months, the portfolio of the company exceeds 2 billion GEL. More than ½ of the credit investments account for 2 MFOs, "Rico" and "Crystal".

The portfolio of "Rico" is larger, however, the market leader in terms of business financing is MFO  “Crystal", because the main loan product of "Rico" is pawnshop.

"Crystal" is in the process of becoming a microbank. MBC, whose profile is also business financing, is also leaving the microfinance market. Lazika Capital is also thinking about becoming a microbank.

TOP-4 +1 MFO By Credit Portfolio

 

H1.2024 

GEL    Q3.2024 

Rico

525 920 300

538 825 500

Crystal

469 647 850

483,006,690

Swiss Capital

210 068 729

216 537 534

MBC

107 211 043

113,289,250

Lazika

  58 054 000

59 557 500

 

Source: NBG & BRG