Original disclosure @ IFC website
Updated in EWS Jul 6, 2019
Disclosed by Bank Jun 24, 2019
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According to the Bank's website, this project provides funding to LLC MDO Arvand, a microfinance institution in Tajikistan, in order to provide micro-housing loans to individuals in rural areas of Tajikistan and financing for micro and small enterprises.
According to the IFC, Arvand was founded in 2002 as a Centre for Development and Support of Microentrepreneurs (MDTM), a part of a regional microfinance project in Ferghana Valley conducted by ACDI/VOCA. It went through a transformation after adoption of Law on Microfinance Organizations in 2005 by becoming a Micro Credit Foundation and later it was transformed into a Microcredit Deposit Organization (MDO) in 2008. Currently, Arvand is the 3rd largest MDO in Tajikistan in terms of assets and loan portfolio, serving more than 38,000 borrowers.
Arvand is owned by 5 legal entities: ACDI/VOCA through MCF “MicroInvest Tajikistan and LLC MCC “Frontiers” Kyrgyzstan, Rural Impulse Fund II S.A. and SICAV-SIF Belgium run by Incofin Investment Management, and Triodos Custody B.V. Netherlands and Triodos SICAV II – Triodos Microfinance Fund Netherlands run by Triodos Investment Management and 7 individual entities: participants of ESOP concept.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Rural Impulse Fund II SA||Investor||-|
|-||-||-||-||Rural Impulse Fund II SICAV-SIF Belgium||Investor||-|
|-||-||-||-||Triodos Custody BV Netherlands||Investor||-|
|-||-||-||-||Triodos SICAV II||Investor||-|
LLC MDO Arvand
+(992 44) 600-14-00
1a, I.Somoni Ave., Khujand, Republic of Tajikistan
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