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.
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.
CJSC MDO “Humo”
+992 37 239 1956
148/1 N Karaboeva str., Dushanbe, Republic of Tajikistan
ACCOUNTABILITY MECHANISM OF IFC
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/