The project

Summary

OXUS Micro Credit Organization (MCO) is registered as a Limited Liability Company (LLC) under Tajik law and was founded by the International Non-Governmental Organization (NGO) ACTED and at later stage 100% shares were passed to OXUS Holding (ACTED is the biggest shareholder of Oxus Holding). 

OXUS Tajikistan has 27 point of sales (branches and banking service centers) with around 200 staff members, and operates in three out of four regions of Tajikistan, with over 14 000 clients.

Mission

OXUS is a transparent and responsible enterprise engaged in providing financial services to the working poor and the underbanked worldwide.

Vision

To improve the sustainable livelihoods of our customers and to be the microfinance organization of reference where we work.

Use of Proceeds / Loan purpose

It is expected that OXUS Tajikistan will provide up to 200 loans of up to USD 3 000 equivalent for income generating activities and livelihood related loans (no consumer lending), with over 60% cases in rural areas and with over 30% to women clients. 

OXUS Tajikistan lending methodology is adapted to the specific economic, political and socioeconomic context in Tajikistan. The company seeks to adapt financial products to fit the specific needs and requirements of local clients.

Fast procedures of disbursement and flexible lending conditions, as well as competitive interest rates on all credit products, ensured an efficient  individual approach towards all clients during the last years. In order to serve clients’ needs best , OXUS Tajikistan offers wide ranging credit products: 

1) individual agriculture, horticulture and livestock loans; 

2) individual business loans; 

3) consumer loans;

4) livelihood loans; 

5) equipment loans;

6) small credit group loans; 

7) express loans; 

8) start-up loans; 

Individual loans account for more than 99% of the affiliate’s outstanding loan balance. 

OXUS has a strong presence in rural areas, recording over 80% rural clients, and serves 40% of female clients.