This transaction is an opportunity for SIFEM to support access to credit for micro and small businesses in Tajikistan, a SIFEM priority country. As the leading microfinance institution in the country, IMON currently provides financing to over 100,000 clients, with micro and small loans accounting for over half of its loan volume. As a result of recent changes in its shareholder structure, EBRD, FMO and the Luxembourg-based Alternative Fund, managed by Mikro Kapital, became major shareholders.
SIFEM’s loan to IMON is expected to strengthen the overall resilience and recovery of Tajikistan’s economy by fostering financial sector deepening (SDG 9). IMON’s targeting of low-income segments of the population should also contribute to the reduction of inequalities (SDG 10).