ETC Non-Bank MFI FW IV - Imon International (EBRD-42513)

Countries
  • Tajikistan
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
FI
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
Oct 20, 2020
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.
Borrower
Imon International
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 5.19 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 5.19 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Nov 26, 2020

Disclosed by Bank Oct 23, 2020


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Project Description

EBRD is investing additionaly IMON International,Microcredit Deposit - taking Organization (MDO) with the purpose of development of private sector. 

PROJECT OBJECTIVES

The main objective for the additional investment is to support IMON, so it complies with new regulations and encourage the private investor.

 

 

 

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Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Private Actors
Private Actors Description

IMON INTERNATIONAL MICROCREDIT DEPOSIT-TAKING ORGANISATION CJSC

Micro-credit Deposit-taking Organisation "IMON International" ("IMON", "Company") is the largest microfinance institution (MFI) in Tajikistan with 24 per cent market share in the sector as of June 2020. IMON provides a wide range of financial products and services to micro and small businesses, sole entrepreneurs and retail clients across its extensive network of 27 branches and 103 outlets.

Contact Information

COMPANY CONTACT INFORMATION

General Enquiriesadmin@imon.tj+992 (3422) 4 23 53www.imon.tj/en17th micro-district #2,
Khudjand
Republic of Tajikistan

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.

You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en

You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html