TAFF Partners

Learn more about technical assistance providers and Partner Financial Intermediaries of the TAFF project here. To visit one of the institutions, please click on the respective link!

EU
EBRD
Frankfurt School of Finance & Management
Agroinvestbank
Amonatbank      Arvand
Bank Eskhata
OXUS
Tojiksodirotbank
Humo and Partners   Imon International

The European Union

The European Union, composed of 27 Member States, is the world’s biggest aid donor. The EU has strengthened its relationship with the Central Asian countries since the adoption of “The EU and Central Asia: Strategy for a New Partnership” by the European Council in June 2007. The strategy strengthens relations in all areas of cooperation, including through the reinforcement of EU-Central Asia political dialogue with regular meetings of EU and Central Asian Foreign Ministers, reinforcement of dialogue on human rights, cooperation in the areas of education, rule of law, energy and transport, environment and water, common threats and challenges (including border management and combating drug trafficking), and trade and economic relations. The strategy is supported by a significant increase in EU assistance which has doubled to €750 million for 2007-2013. Tajikistan gets the main share of bilateral assistance (€66 million for 2007-2010 and 62 million for 2011-2013) in support to sector programmes, technical assistance and grants. It focuses on social protection, health and private sector development, underpinned by public finance management. Tajikistan also receives regional and thematic assistance in areas like border management and drug control (BOMCA/CADAP), education (TEMPUS, Erasmus Mundus), water / environment, migration, human rights and democracy (EIDHR), non-State actors (NSA) and SME development (CA-Invest). The total value of EU assistance disbursed to Tajikistan since 1992 is over €500 million.

Learn more at: http://ec.europa.eu/europeaid/index_en.htm

EBRD

The EBRD is an international financial institution that supports projects in 30 countries from central Europe to central Asia. It is owned by 61 countries, including the countries where it operates, and two intergovernmental organisations.

Investing primarily in private sector clients whose needs cannot be fully met by the market, the EBRD promotes entrepreneurship and fosters transition towards open and democratic market economies. The EBRD also works with publicly-owned companies to support privatisation, restructuring of state-owned firms and improvement of municipal services.

In all its operations the EBRD follows the highest standards of corporate governance and sustainable development.

Learn more at: www.ebrd.com

Frankfurt School of Finance & Management

Frankfurt School of Finance & Management (former Bankakademie) is the leading private business school and advisory institute in Germany with more than 50 years of in consulting, qualification and training services in all areas of banking and finance. Since starting its International Advisory Services in 1992, Frankfurt School has successfully managed and implemented development finance projects for a wide range of clients, primarily major international finance institutions, development finance institutions and bilateral and multilateral donor organisations.

International Advisory Services is committed to improving financial markets and increasing financial access to finance for low-income populations in developing and transition countries and emerging markets.

Learn more at: www.frankfurt-school.de

Agroinvestbank

With assets of about USD 185 million, Agroinvestbank is Tajikistan’s largest bank. Being part of the Soviet Agroprombank it was transformed into the state owned Shark Bank under Tajik legislation in 1992. In 1997 the bank was renamed into “Agroinvestbank” and was mandated to attract direct investment funds into the countries industry and agricultural sector. Thus the bank became a major player in financing of cotton activities. As a part of the restructuring programme in 2004 the major part of the non-performing portfolio of the bank was transferred to the newly created Credit - Invest Company. The newly restructured Agroinvestbank made a fresh start in the beginning of 2005 concentrating more on smaller scale lending while implementing the principles of corporate management. Today Agroinvestbank runs 61 branches in all Tajik regions, and employs 2,191 personnel, up from 1,106 in 2004.

Learn more at: www.agroinvestbank.tj

Bank Eskhata

Starting as a small, private Bank, Bank Eskhata has grown to a sixth largest bank of Tajikistan (May, 2009). Ist head office is based in Khujand, the second city of Tajikistan and the capital of the country’s northern „Sughd“- Region. The bank has undergone a change in its governance structure, strategies and management systems, with the involvement of the European Bank for Reconstruction and Development (EBRD) and Shore Cap. Bank Eskhata has already got 14 branches and reports assets of about USD 78 million. Its main focus is on providing financial services to local private businesses and individuals.

Learn more at: www.eskhata.com

OXUS Microfinance Tajikistan

OXUS Microfinance Tajikistan started as a microfinance project of the Agency for Technical Cooperation and Development (ACTED) in 1997. High demand for microfinance services in Tajikistan accompanied with the rapid growth of the initial project resulted in the official registration of OXUS as a micro lending organization in January 2006. Inheriting its portfolio from ACTED microfinance program, since its official registration OXUS expanded its activities over 2 provinces of Tajikistan (Sughd and Khatlon) with more than 34 districts and achieved a significant loan portfolio of more than USD 7 million as of December 2008. Presently OXUS delivers diverse and flexible microfinance products and services to more than 8000 micro entrepreneurs by attracting adequate long-term funding operating through 4 branches and 18 sub branches. Already in a short period from January to June 2009 OXUS has disbursed more than 4,000 loans in the total amount of about USD 4 million.

Learn more at: www.oxus.tj

Tojiksodirotbonk

The open joint-stock company "Tojiksodirotbank" was founded on the basis of the affiliate of the Soviet Foreign Economy Bank called Vneshekonombank. The bank is based in Dushanbe and has 13 branches in four regions of Tajikistan. In 2001 it underwent a restructuring programme, which also led to a privatization of the bank. Since then the bank has been performing at an outstanding level with regard to assets, extension of client base, and increase of the resource base volume. Currently the bank is growing at an annual rate of 136%. With the assets of approximately USD 125 million as of July 2009 Tojiksodirotbonk is one of the country’s largest four banks.

Learn more at: www.tsb.tj

Humo and Partners

LLC Micro-Lending Organization «Humo and Partners» has been formed in June, 2008. As the founder of the organization has acted Micro-Lending Fund "HUMO" - the successor of microcredit program CARE International in Tajikistan which transformed the microcredit program to local public fund. «HUMO» has started to work in December, 2004 becoming one of the first micro-financial organizations in Tajikistan, received the certificate of National Bank of Republic of Tajikistan.

At present MLO «Humo and Partners» is the company with extensive geography of activity in 28 areas of republic and in the cities of Dushanbe, Kurgan-Tyube, Kulob, Tursun-Zade, and Vahdat. Expansion of a filial network, exclusively high-quality servicing strengthens our positions as one of leaders in the field of micro-financing. «Humo and Partners» considers changes in the market constantly. We render the new services satisfying requirements of clients.

More detailed information at: www.humo.tj

MDO Arvand

Limited Liability Company Microcredit Deposit-taking Organisation ”Arvand” is one of the leading microfinance institutions in Tajikistan. Since its establishment in 2002 within a framework of Fergana Valley Regional Microlending Project, implemented by the Representation of ACDI/VOCA in Tajikistan, the company has been targeting its efforts to expansion of mutually advantageous cooperation with its clients and satisfaction of their needs.

MDO “Arvand” offers credit and deposit services to its clients. Credits provided by the organisation give low-income families and micro entrepreneurs an opportunity to improve their profits and living standards. Deposits enable them to pile up the monetary funds for their use as needed. Nowadays MDO “Arvand” is active in cities and regions of Sogd area as well as in DRR.

More detailed information at: http://www.microinvest.tj/arvand/index.php?lang=en

LLC MLO "IMON INTERNATIONAL"

LLC Microlending Organisation “IMON INTERNATIONAL” provides financial services to the most vulnerable groups of the population in Tajikistan. Its main objective is to promote sustainable economic development and improved standards of life by insuring reliable access to financial services. The history of MLO “IMON INTERNATIONAL” LLC dates back to 1999, when the National Association of Business Women of Tajikistan, in partnership with Mercy Corps, founded the “Microloans in Tajikistan” Programme and for the first time implemented international microfinance techniques at Tajik market. In the span of eleven years of active operation in Tajikistan, this programme has proven successful and sustainable, as IMLF “IMON” grew into the largest microfinance organisation in Tajikistan, with 10 branches, 5 sub offices and 32 field offices, covering 42 regions of the country. To ensure sustainable growth and expand the range of microfinance at Tajik market, IMLF “IMON” was transformed into Microlending Organisation “IMON INTERNATIONAL” which officially started its activities on July 1, 2008.

Learn more at: http://imon.tj/eng/