CDel IMON-FY24

active

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”).