The provision of a senior local currency loan under the Financial Intermediaries Framework (FIF) in the total amount of up to US$ 2m. As part of the transaction, Humo will also expand access to programming skills to women, through the provision of certified training in partnership with a licensed vocational school in Tajikistan.
The proceeds of the loan will be on-lent to local private MSMEs in accordance with the requirements of the FIF Policy Statement.
ETI score: 63
Competitive: The loan will support Humo in expanding its MSME portfolio with a focus on reaching regional clients and attracting new clients while ensuring prudent lending practices and adequate portfolio quality.
Inclusive: Humo commits to expand access to market-relevant skills by committing to offer IT training to women.
HUMO MICROCREDIT DEPOSIT ORGANISATION CJSC
HUMO is the 2nd largest microfinanace institution in Tajikistan by assets and loan portfolio. The company serves the lower segment of micro and small enterprisesniche predominantly in retail and agribusiness sectors.
EBRD Finance Summary
Total Project Cost
Financing Structure: the EBRD offers local currency financing on terms not readily available in the market.
Environmental and Social Summary
Category FI (2019 ESP). Humo is an existing client of the Bank and its environmental and social (E&S) performance has been satisfactory to date as evidenced by annual reporting on environmental and social matters. In the context of this new transaction, Humo will be required to continue to comply with Performance Requirements 2, 4 and 9, and to apply EBRD's E&S Risk Management Procedures for Micro, SME and Corporate loans. Humo will continue to provide annual E&S reporting to the Bank on compliance with the applicable PRs and any other material E&S matters arising during the year. There is no GET component associated with this project.
Technical Cooperation and Grant Financing
Company Contact Information
+992 (44) 640-55-44
148/1 N. Qaraboev Str., 734061, Dushanbe, Republic of Tajikistan
PSD last updated
10 Aug 2022
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