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.
The development impact of the Project is expected to be: (i) increased access to financial services for the underserved MSEs, (ii) increased access to housing microfinance for underserved population of rural areas in Tajikistan. Beyond the Project, IFC anticipates that the Project will promote greater inclusiveness by fostering housing microfinance through a leading MFI via capacity building and demonstration effect.
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
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