📋 Tender Overview
Project Number: 49233
Company Name: CJSC MICROCREDIT DEPOSIT TAKING ORGANIZATION IMON INTERNATIONAL
Date SPI Disclosed: Jun 7, 2024
Country: Tajikistan
Region: Central Asia and Turkiye
Projected Board Date: Jul 8, 2024
Environmental Category: FI-3
Status: Pending Approval
Department: Regional Industry FIG MCT
Industry: Financial Institutions
Sector: Microfinance and Small Business - Non Commercial Banking
Additional Project Attributes: Blended Finance
Project Description
The proposed project is a three-year Tajik Somoni (TJS or LCY) denominated loan from IFC’s own account of up to US$5 million to the Closed Joint Stock Company Microcredit Deposit-Taking Organization IMON International (IMON or the Company), the largest microfinance institution (MFI) and the fourth largest financial institution in Tajikistan, an IDA country, to support its lending program to micro and small enterprises (MSE) in underserved segments and regions. (The Project). At least 50% will be allocated to MSEs operating in the agriculture sector of Tajikistan, including small holder farmers, up to 40% for housing microfinance projects and the remaining proceeds will be used to finance MSEs, including women led MSEs. As part of the BOP Program, the Project will use IDA PSW’s Local Currency Facility ( LCF ) to source local currency, as well as the Pooled First Loss Guarantee ( PFLG ) from IDA PSW’s Blended Finance Facility ( BFF ).
Financing Sources:
2) World Bank (WB)
1818 H Street, NW Washington,
DC 20433 USA
Tel : (202) 473-1000
https://www.worldbank.org/
