MFI IMON International provides assistance to Health Ministry in combating COVID-19
1 year ago Web Desk 0
IMON International expresses great gratitude to all health workers for their dedication and courage.
IMON International is a deposit-taking microfinance institution (MFI) offering individual and solidarity group loans to micro-entrepreneurs in urban and rural Tajikistan. The organization started out in 1999 as a small micro-lending program initiated by the National Association of Business Women of Tajikistan. Over the years, the program has evolved into a leading deposit-taking MFI which is about to become a commercial bank. In 2013, IMON obtained a deposit-taking license and launched deposit-taking operations.
IMON International is the leading MFI in Tajikistan in terms of loan portfolio, client base and coverage, as well as financial and social performance. Since 2005 it has been a partner of the EBRD, which is also a minority shareholder in the microfinance institution. The EBRD became a shareholder in IMON International in November 2013, alongside the Netherlands Development Finance Company (FMO), with the aim of supporting IMON International’s goal to become a dedicated microfinance bank. The EBRD and the FMO jointly invested US$ 6.5 million to acquire 12.5 per cent each of shares in IMON International.
Source: Asia Plus