BOP Humo-FY23

active

 The proposed project consists of a 3-year senior unsecured loan of up to US$3 million denominated in Tajik Somoni (TJS or LCY) to a leading microfinance deposit taking institution in Tajikistan, CJSC MDO Humo (“Humo” or “the Company”), an existing IFC client in good standing. The Project will be processed under the Base of Pyramid (BOP) Platform and benefit from the IDA-PSW Blended Finance Facility and IDA-PSW Local Currency Facility (“LCF”) support. Proceeds will be equally allocated to finance (i) micro housing projects (including acquisition of houses/apartments, renovation, upgrading, modernization or incremental building of an existing dwelling), (ii) self-employed women and women-owned micro and small enterprises (WMSEs), and (iii) individuals in rural areas and Micro and Small Enterprises (MSEs).To date, US$825.5 million has been committed from the US$1 billion BOP Platform envelope leaving US$174.5 million in available headroom to support the proposed project. All investments under the BOP Platform are performing, and no first loss has been paid out.