According to IFC website, under this project the loan has been provided to Alif Bank in Tajikistan. the Company is providing digital payment services and access to retail financing through an innovative suite of products and services.
The most significant Project level outcomes are improved access for retail customers to:
i) accounts and digital payments and ii) consumer loans. Specifically, IFC plans to support the growth of the Company's mobile wallet and the Company's buy-now-pay-later product. IFC anticipates that the Project will enable greater market competitiveness by improving access to finance for consumers in Tajikistan and Uzbekistan.
Alif was founded by Abdullo Kurbanov, Firdavs Mirzoev, and Zuhursho Rahmatulloev, who together are the largest shareholder block. Other shareholders of Alif include Jefferson Capital Holdings Limited, an investment company belonging to Khofiz Shakhidi, who is also the chairman of Alif. The other shareholders are individuals.
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