Humo SL LCY (IFC-42160)

  • Tajikistan
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jul 22, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Microcredit Depozit Organization Humo CJSC
The holder of the loan, grant, or other investment.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 2.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Feb 18, 2020

Disclosed by Bank Jul 1, 2019

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Project Description

According to the Bank's website, this project provides financing to Microcredit Depozit Organization Humo for on-lending in the housing finance and microfinance sectors. 

Investment Description
  • International Finance Corporation (IFC)
Private Actors

Humo was launched as a micro credit program in Tajikistan by Care International in 1996. Currently MDO Humo is the 2nd largest MFI in Tajikistan in terms of assets and loan portfolio. With the headquarters in Dushanbe, Humo is primarily focused on servicing underserved individuals and MSEs in the marginalized regions (75% of loan book was in rural areas). Humo served more than 49,000 borrowers through its network of 21 branches.  Humo is majority owned by Micro Loan Fund “Nuri Humo”, Desjardins Fund for Inclusive Finance became an owner in 2014. 

Contact Information

CJSC MDO “Humo” 
Mavsuda Vaisova 
General Director 
+992 37 239 1956 
148/1 N Karaboeva str., Dushanbe, Republic of Tajikistan 


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