XM-DAC-903-SII-33453 International Finance Corporation The Project is composed of a senior loan of up to US$1.5 million denominated in US Dollars or in US Dollars linked to local currency to be swapped through TCX. The loan would be used to finance growth of the Companys microfinance portfolio, primarily in rural areas of Tajikistan. The Project would have a strong development impact as follows: 1) Increase access to finance for underserved population in an IDA country, contributing to employment generation, economic growth, and poverty reduction. 2) Create demonstration effect for the entire microfinance industry in Tajikistan to upgrade their risk management practices following the principles that IFC will promote in Finca. 3) Build market confidence for other investors to engage with Finca and invest in Tajikistan on a long-term basis. MICROCREDIT DEPOSIT ORGANIZATION FINCA LIMITED LIABILITY COMPANY Kaspars Delins Chief Financial Officer FINCA Tajikistan 734001 F.Niyozi Street, 34 Dushanbe, Tajikistan International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 FINCA Tajikistan 734001 F.Niyozi Street, 34 Dushanbe, Tajikistan Tajikistan Headquartered in Dushanbe, Finca Tajikistan runs a network of 35 branches and sub-branches. It holds a leading position and strong outreach in the southern part of the country, one of the poorest areas in Tajikistan, and has been gradually growing its presence in central and northern parts, including Dushanbe and Khujand cities. Location description A description that qualifies the activity taking place at the location. 39.0000000000 71.0000000000 O-HA - Microfinance and Small Business - Non Commercial Banking Total: $1.50 million 1500000.00 1500000.00 MICROCREDIT DEPOSIT ORGANIZATION FINCA LIMITED LIABILITY COMPANY Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/33453/finca-tajikistan XM-DAC-903-SII-34211 International Finance Corporation With approximately 3.1 million subscribers and a market share of 36%, TCell (or the Company) is Tajikistans largest mobile phone operator. Established in 1998, it is also the countrys first mobile operator. TeliaSonera acquired a controlling stake in the Company in July 2007 and AKFED, which was a shareholder at the time of TeliaSoneras purchase, owns the remainder of the Company. TCell is seeking to raise US$30 million from the IFC to expand the services it offers and its geographic reach within Tajikistan. Over the next five years the Company intends to grow its mobile broadband and value added services. - Extend and improve the quality of telecommunications services: TCell plans to invest heavily in its network by upgrading and expanding coverage. This is expected to improve service for its subscribers and result in access in areas of the country that were not covered in the past. TCell''s investment program will also compel other operators to invest in their networks, leading to improvements across the industry as a whole and benefiting the general population. - Direct and indirect employment: Due to the limited employment opportunities domestically, nearly half of Tajikistan''s labor force works abroad. This project is expected to generate employment opportunities in the local market at both a Company level and across the supply chain. - Support delivery of Social Services: In 2002 TCell launched 3G services under its Indigo Tajikistan brand, making the country one of the first in the former Soviet Union to have a 3G network. Due to the lack of fixed line, broadband infrastructure, the country''s 3G network is relied on for the transmission of data and mobile internet access. As applications such as mobile banking and eGovernment services come on line, TCell''s extensive network will allow these services to reach a larger share of the population. - Demonstration Effect: IFC has taken a leading role in in the telecom sector as a pioneer investor in post-conflict and IDA countries, such as Afghanistan, Sierra Leone, West Bank and Haiti. IFC''s participation in this project would send a positive signal to other investors about Tajikistan''s investment potential despite perceptions about a challenging business environment and country risk. Although it grew significantly in the years that followed the 1992-1997 civil war, foreign direct investment remains limited. Indigo Tadzhikistan ZAO Yernar Nakisbekov Chief Financial Officer Tcell, Part of TeliaSonera 34 Rudaki Avenue, Tcell Plaza, Dushanbe, 734025, Republic of Tajikistan International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Tajikistan TCell is headquartered in Dushanbe, Tajiksitan with operations across the entire country. Location description A description that qualifies the activity taking place at the location. 39.0000000000 71.0000000000 N-AC - Mobile Telephony Total: $32.00 million 2000000.00 30000000.00 2000000.00 Indigo Tadzhikistan ZAO 30000000.00 Indigo Tadzhikistan ZAO Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/34211/tcell-project XM-DAC-903-SII-34332 International Finance Corporation The proposed project will be IFCs third loan to Closed Stock Company Microcredit Deposit Organization ''''IMON International'''' (IMON), currently Tajikistans largest microfinance company, which was founded in 2005. The proposed project is to provide a senior loan to IMON, which would use the loan to expand lending to micro and small entrepreneurs. The Company seeks long-term funding to continue its dynamic growth and offer new products to its target clientele. This Project supports a strong financial intermediary with a successful track record of providing funding to local micro entrepreneurs. The Project would have a strong development impact as follows: 1) Increase access to finance for underserved population in Tajikistan, contributing to employment generation, economic growth, and poverty reduction; and 2) Build market confidence for other investors to invest in Tajikistan on a long-term basis. CJSC Bank Imon International CSC MDO IMON INTERNATIONAL 17th microdistrict, house 2Khujand, Tajikistan, 735700 Attention: Sanavbar Sharipova, General Director. Facsimile No.: 992 3422 25744 Telephone No.: 992 3422 42353 http://www.imon.tj International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Tajikistan IMON is headquartered in Khujand, Tajikistan and is currently present in most of the regions of Tajikistan and runs a network of 17 branches and 117 offices. The proposed projects proceeds will be used for financing all eligible projects across IMONs network. Location description A description that qualifies the activity taking place at the location. 39.0000000000 71.0000000000 O-HA - Microfinance and Small Business - Non Commercial Banking Total: $5.00 million 5000000.00 5000000.00 CJSC Bank Imon International Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/34332/imon-sl-iii XM-DAC-903-SII-34671 International Finance Corporation Eskhata Bank is the fifth largest bank in Tajikistan and offers a wide range of banking services with an emphasis on micro, small and medium enterprises. The Project will support Eskhatas lending program to small and medium enterprises. 1) Increase access to finance for underserved MSMEs, contributing to employment and economic growth of Tajikistan. 2) IFC will create a demonstration effect for the entire banking sector in Tajikistan to upgrade their risk management, E&S, insurance and AML practices following principles that IFC will promote in Eskhata. 3) The Project will enhance brand of Eskhata being a local bank and one of privately-owned reputable banks in Tajikistan and help it achieve its further development milestones. Eskhata Bank OAO Daler Sadikov Head of International Relations Department OJSC Eskhata Bank 135 Gagarina Street, Khujand Tajikistan, 735700 Phone: +992 3422 439 45 International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Daler Sadikov Head of International Relations Department OJSC Eskhata Bank Tajikistan Established in 1993 and headquartered in Khujand, the bank runs a network of 18 branches, 41 sub-branches and 275 points of sales for money transfers covering the northern, central and southern part of Tajikistan. Location description A description that qualifies the activity taking place at the location. 39.0000000000 71.0000000000 O-AC - Commercial Banking - Microfinance Total: $15.00 million 15000000.00 15000000.00 Eskhata Bank OAO Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/34671/eskhata-sl-sd14 XM-DAC-903-SII-34997 International Finance Corporation The project involves a senior loan of up to US$2.5 million (or Tajik Somoni equivalent) to Closed Joint Stock Company The First MicroFinanceBank (FMBT), an existing IFC client and one of the leading microfinance providers in Tajikistan. The proceeds of the loan would be used by the bank for on-lending to micro, small and medium sized entrepreneurs (MSMEs). In conjunction with the loan, IFC plans to provide advisory services to FMBT to strengthen the banks capacity in SME banking, a line of business which the bank has recently started developing. (i) Expanding access to finance for MSMEs, particularly small entrepreneurs and individuals in impoverished and rural areas, thus increasing banking penetration and financial inclusion (specifically amongst women entrepreneurs) in remote areas; and (ii) Job creation, poverty reduction and economic diversification through private sector-led growth in an anchor sector. INVESTMENT AND CREDIT BANK CJSC Mr. Yenten Lama Chief Executive Officer Closed Joint Stock Company "The First MicroFinanceBank 105, Rudaki Avenue Dushanbe, Tajikistan Tel: +992 37 251 0226 Fax: +992 37 251 0227 E-mail: mailto:yenten.lama@fmfb.com.tj International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Tajikistan Headquartered in Dushanbe, FMBT runs its operations through a network of 7 branches and 28 banking service centers throughout Tajikistan. The bank is represented in remote and rural areas having outreach to the poorest regions. Location description A description that qualifies the activity taking place at the location. 39.0000000000 71.0000000000 O-AC - Commercial Banking - Microfinance Total: $2.50 million 2500000.00 2500000.00 INVESTMENT AND CREDIT BANK CJSC Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/34997/fmbt-loan-2 XM-DAC-903-SII-40023 International Finance Corporation p.cls-NormalWeb { margin-top:5pt; margin-bottom:5pt; text-align:left; font-family:'Times New Roman', 'serif'; font-size:12pt; line-height:108%; margin-left:0pt; margin-right:0pt; } span.cls-DefaultParagraphFont { font-family:'Times New Roman', 'serif'; font-size:12pt; font-weight:normal; margin:0in; padding:0in; } table { border-collapse:collapse !important; width:100%; table-layout:fixed; border-spacing:0 !important; margin-bottom:15px; } .k-table, .k-table td, table, table td, div table, div table td {outline: 0;border: 1px solid #000;} .k-table td, table td, div table td { padding: 5px;}  The proposed loan of US$2.5 million (the IFC Loan) is a corporate facility to be provided to Tajero (the Company) for financing its working capital needs.     The Project will have strong development impact through:  i) improvement of consumer access and value through better access to a more diverse selection, quality, affordability of food products, and better consumer prices due to economies of scale;  ii) development of food distribution sector  as the expansion will help increase the number of suppliers, build additional sales channels, and contribute to improvement in efficiency and operating standards throughout the supply chain;  iii) import substitution: through improving and increasing its distribution capability, the Group will have an increased ability to distribute its rapidly developing dairy production capacity for the local market.  This would decrease sales of imported, hard currency denominated goods providing a less costly, locally produced alternatives in a country which depends for 80% on imported food items. Tajero LLC AG Group Abdurakhmon Gaibullozoda Founder +992 93 710 5668 a-gaybullozoda@tajero.tj Rudaki district, jamoat Rossiya, uchastok Kushteppa 3, 735103, Republic of Tajikistan N/A International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 p.cls-NormalWeb { margin-top:5pt; margin-bottom:5pt; text-align:left; font-family:'Times New Roman', 'serif'; font-size:12pt; line-height:108%; margin-left:0pt; margin-right:0pt; } span.cls-DefaultParagraphFont { font-family:'Times New Roman', 'serif'; font-size:12pt; font-weight:normal; margin:0in; padding:0in; } table { border-collapse:collapse !important; width:100%; table-layout:fixed; border-spacing:0 !important; margin-bottom:15px; } .k-table, .k-table td, table, table td, div table, div table td {outline: 0;border: 1px solid #000;} .k-table td, table td, div table td { padding: 5px;}  Rudaki district, jamoat Rossiya, uchastok Kushteppa 3, 735103, Republic of Tajikistan                         Tajikistan p.cls-NormalWeb { margin-top:5pt; margin-bottom:5pt; text-align:left; font-family:'Times New Roman', 'serif'; font-size:12pt; line-height:108%; margin-left:0pt; margin-right:0pt; } span.cls-DefaultParagraphFont { font-family:'Times New Roman', 'serif'; font-size:12pt; font-weight:normal; margin:0in; padding:0in; } table { border-collapse:collapse !important; width:100%; table-layout:fixed; border-spacing:0 !important; margin-bottom:15px; } .k-table, .k-table td, table, table td, div table, div table td {outline: 0;border: 1px solid #000;} .k-table td, table td, div table td { padding: 5px;}  Dushanbe, Tajikistan.                                                   Location description A description that qualifies the activity taking place at the location. 39.0000000000 71.0000000000 Q-AA - Wholesale (Including Grocery and Farm Products) Total: $2.00 million 2000000.00 2000000.00 Tajero LLC Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/40023/tajero-wrcap XM-DAC-903-SII-42472 International Finance Corporation  The Project entails IFC investment in LLC MDO Arvand (Arvand), one of the leading microfinance institutions (MFI) in Tajikistan, an IDA country, to support expansion of its lending program to micro and small enterprises (MSEs) and to provide micro housing loans for individuals, mostly in rural areas of Tajikistan, that are in need of improving living conditions. The investment will be provided in local currency for up to four years from IFCs own account by leveraging the IDA 18 IFC-MIGA Private Sector Windows Local Currency Facility, (PSW LCF), which was created by the Word Bank Group to catalyze private sector investment in IDA countries, with a focus on fragile and conflict-affected states, by providing financing in local currency for high impact projects where local currency solutions are underdeveloped or missing.                                                   The development impact of the Project is expected to be: (i) increased access to financial services for the underserved MSEs, (ii) increased access to housing microfinance for underserved population of rural areas in Tajikistan. Beyond the Project, IFC anticipates that the Project will promote greater inclusiveness by fostering housing microfinance through a leading MFI via capacity building and demonstration effect. CJSC BANK ARVAND LLC MDO Arvand Shoira Sodiqova General Director +(992 44) 600-14-00 shoira.sadykova@arvand.tj 1a, I.Somoni Ave., Khujand, Republic of Tajikistan www.arvand.tj International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Tajikistan  Proceeds of the facility will be on-lent by Arvand to the end-borrowers through its headquarter in Khujand, 6 branches and 61 service points.                                                   Location description A description that qualifies the activity taking place at the location. 39.0000000000 71.0000000000 O-HA - Microfinance and Small Business - Non Commercial Banking Total: $2.50 million 2500000.00 2500000.00 CJSC BANK ARVAND Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/42472/arvand-sl-lcy XM-DAC-903-SII-42160 International Finance Corporation  The Project entails IFC investment in CJSC MDO Humo (Humo), one of the leading microfinance institutions (MFI) in Tajikistan, an IDA country, to support expansion of its lending program to micro and small enterprises (MSEs) and to provide micro housing loans for individuals, mostly in rural areas of Tajikistan, that are in need of improving living conditions. The investment will be provided in local currency for up to four years from IFCs own account by leveraging the IDA 18 IFC-MIGA Private Sector Windows Local Currency Facility, (PSW LCF), which was created by the Word Bank Group to catalyze private sector investment in IDA countries, with a focus on fragile and conflict-affected states, by providing financing in local currency for high impact projects where local currency solutions are underdeveloped or missing.                                                   The development impact of the Project is expected to be: (i) increased access to financial services for the underserved MSEs, (ii) increased access to housing microfinance for underserved population of rural areas in Tajikistan. Beyond the Project, IFC anticipates that the Project will promote greater inclusiveness by fostering housing microfinance through a leading MFI via capacity building and demonstration effect. Closed Joint Stock Company Humo Bank CJSC MDO Humo Mavsuda Vaisova General Director +992 37 239 1956 Mavsuda@humo.tj 148/1 N Karaboeva str., Dushanbe, Republic of Tajikistan www.humo.tj International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Tajikistan  Proceeds of the facility will be on-lent by Humo to the end-borrowers through its headquarter in Dushanbe, 21 branches and 42 service points.                                                   Location description A description that qualifies the activity taking place at the location. 39.0000000000 71.0000000000 O-HA - Microfinance and Small Business - Non Commercial Banking Total: $2.00 million 2000000.00 2000000.00 Closed Joint Stock Company Humo Bank Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/42160/humo-sl-lcy XM-DAC-903-SII-44268 International Finance Corporation  The Project entails IFC investment in OJSC Bank Eskhata (Eskhata or the Bank), one of the leading private banks in Tajikistan, an IDA country, to support expansion of its lending program to micro, small and medium enterprises (MSME) segment that has been negatively affected by the COVID-19 crisis. The investment will be provided in Tajik somoni for the maturity of up to three years and will be a part of the IFCs Base of the Pyramid (BOP) Program. The project will benefit from blended finance from the IDA19 Private Sector Window. The development impact of the Project is expected to be: (i) at the project outcomes level - stakeholder effect: improved access to local currency financing for MSMEs that would help them to overcome liquidity constraints in post-crisis economic environment and return to their previous income generating capacity; (ii) at the market creation level - resilience: improved resilience amongst microfinance and BOP finance providers by helping the market deal with the growing uncertainty and catalyzing investor response. ESKHATA BANK OAO OJSC Bank Eskhata Daler Sadikov Deputy Head of Finance Department 44 600 0 600 ext. (309) d.sadikov@eskhata.tj 135 Gagarin st. Khujand, Tajikistan www.eskhata.tj International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Tajikistan  Proceeds of the IFCs investment will be on-lend by Eskhata to the end-borrowers through its headquarter in Khujand, 21 branches and 150 service centers. Location description A description that qualifies the activity taking place at the location. 39.0000000000 71.0000000000 O-AH - Commercial Banking - SME Finance Total: $10.00 million 10000000.00 10000000.00 ESKHATA BANK OAO Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/44268/bop-eskh-sl-lcf XM-DAC-903-SII-43911 International Finance Corporation The proposed project is a 3-year straight senior loan of up to US$5 million denominated in Tajik somoni (TJS) to Closed Joint Stock Company Microcredit Deposit-Taking Organization IMON International (IMON or the Company), Tajikistans largest microfinance institution (MFI) and the fourth largest financial institution. The Project will be processed under IFCs Base of the Pyramid program and will enable IMON to provide much needed local currency funding to micro and small enterprises (MSEs) to help them recover from the economic shock of the pandemic (the Project). The Project is expected to benefit from IDA Private Sector Window (PSW) Pooled First Loss Guarantee to help de-risk the Project and IDA-PSW Local Currency Facility to help support the local currency financing.                                                   Increased access to finance for MSEs through provision of financing to make investments in inventory and inputs necessary to resume full economic activity post COVID. Contribute to market resilience in the Tajik financial sector by sending a positive signal to boost investor confidence and demonstrating the viability of supporting the sustainability and recovery of financial institutions. CJSC Bank Imon International Closed Joint Stock Company Microcredit Deposit-Taking Organization IMON International Iso Abdusamiev Head of Investor Relations Unit +992 342242353 iabdusamiev@imon.tj 17 microdistrict, building 2, Khujand, Tajikistan www.imon.tj International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Tajikistan IMON is headquartered in Khujand, Tajikistan and has a network of 130 branches and outlets across the country.                                                   Location description A description that qualifies the activity taking place at the location. 39.0000000000 71.0000000000 O-HA - Microfinance and Small Business - Non Commercial Banking Total: $5.00 million 5000000.00 5000000.00 CJSC Bank Imon International Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/43911/bop-imon-sl XM-DAC-903-SII-47759 International Finance Corporation IFC will provide a senior secured loan of up to US$3 million (the IFC Loan) to Tajero Group (Tajero, the Group) as an allocation under the IFCs COVID-19 response facility. The IFC Loan will support the increase in working capital requirements of Tajero's core import and distribution business and newly launched diaper production. This project is linked to  Tajero WrCap #40023 ( https://disclosures.ifc.org/project-detail/ESRS/40023/tajero-wrcap ). The expected Project-level outcomes are improved access to affordable quality products and economy-wide impact based on potential value-add and job creation. The investment is expected to promote resilience in the market by creating competitive pressure on other players to strengthen their distribution networks and facilitating vertical integration in the retail market via demonstration channels. Tajero LLC Tajero Group Gulbahor Muminova Financial Director +992 (93) 502 90 09 g-muminova@tajero.tj Kushteppa-2 Street, Building 3, Firdavsi district, Dushanbe, Republic of Tajikistan https://www.tajero.tj/ International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 0 0 0 0 0 0 0 0 0.0000 Kushteppa-2 Street, Building 3, Firdavsi district, Dushanbe, Republic of Tajikistan Tajikistan Dushanbe, Sughd and Khatlon regions, Tajikistan                                                    Location description A description that qualifies the activity taking place at the location. 39.0000000000 71.0000000000 Q-BA - Retail (Including Supermarkets, Grocery Stores, etc.) Total: $3.00 million 3000000.00 3000000.00 Tajero LLC Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/47759/rse-tajero-project XM-DAC-903-SII-48884 International Finance Corporation The proposed project entails IFCs subscription to the green bond to be issued by an existing IFC client OJSC Eskhata Bank (Eskhata Bank, Eskhata or the Bank). Eskhata Bank is one of the systemically important banks and the third largest bank in Tajikistan. The planned issuance by Eskhata Bank will be Tajikistans inaugural green bond issuance. The issuance will be structured in the form of a private placement to IFC and will comply with the International Capital Market Association (ICMA) green bond principles. The investment will be provided in Tajik somoni for the maturity of up to three years.  The project will be part of the IFCs Base of the Pyramid (BOP) Program and will be supported by IDA-PSW Blended Finance Facility and IDA-PSW Local Currency Facility.                                            Expected project-level outcome: access to climate finance for MSMEs and low-income households to support economic activity and resilience in the context of the challenging macro-economic situation. Expected market-level outcome: (i) resilience: supporting resilience amongst BOP finance providers by helping the market deal with persisting uncertainty and tighter financial conditions and catalyzing investor response; (ii) sustainability: promoting environmental sustainability in Tajikistan by supporting the issuance of the first green bond in the country in line with international standards and generating demonstration effect to the wider market. ESKHATA BANK OAO Bank Eskhata OJSC Daler Sadikov Head of International Relations Department +992 92 771 4866 D.Sadikov@eskhata.com Gagarin Street 135, Khujand, Tajikistan https://eskhata.com/ International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Tajikistan  Proceeds of the IFCs investment will be challenged through Eskhatas headquarters in Khujand as well as 22 branches and 113 service centers for on-lending to the end-borrowers.                                                  Location description A description that qualifies the activity taking place at the location. 39.0000000000 71.0000000000 O-AH - Commercial Banking - SME Finance Total: $10.00 million 10000000.00 10000000.00 ESKHATA BANK OAO Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/48884/bop-eskh-gb XM-DAC-903-SII-47463 International Finance Corporation  The proposed project consists of a 3-year senior unsecured loan of up to US$3 million denominated in Tajik Somoni (TJS or LCY) to a leading microfinance deposit taking institution in Tajikistan, CJSC MDO Humo (Humo or the Company), an existing IFC client in good standing. The Project will be processed under the Base of Pyramid (BOP) Platform and benefit from the IDA-PSW Blended Finance Facility and IDA-PSW Local Currency Facility (LCF) support. Proceeds will be equally allocated to finance (i) micro housing projects (including acquisition of houses/apartments, renovation, upgrading, modernization or incremental building of an existing dwelling), (ii) self-employed women and women-owned micro and small enterprises (WMSEs), and (iii) individuals in rural areas and Micro and Small Enterprises (MSEs). To date, US$825.5 million has been committed from the US$1 billion BOP Platform envelope leaving US$174.5 million in available headroom to support the proposed project. All investments under the BOP Platform are performing, and no first loss has been paid out.                                                           Stakeholder Effects: Improved access to finance for MSEs and individuals - The Project supports Humo to provide financing to support microentrepreneurs and small enterprises in overcoming liquidity constraints and pursue opportunities for economic recovery and growth.  Contribution to Market Creation: Resilience - IFC anticipates that the project will support resilience amongst BOP finance providers including banks and microfinance institutions - by helping the market deal with persisting uncertainty and tighter financial conditions and catalyzing investor response. Closed Joint Stock Company Humo Bank CJSC MDO Humo Azamzhon Abbasov AbbasovA@humo.tj www.humo.tj International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Tajikistan Being headquartered in Dushanbe, Tajikistan, Humo operates through its well-established network of 24 branches, 49 centres of microfinance services and has strong presence primarily in southern and central regions of Tajikistan. Location description A description that qualifies the activity taking place at the location. 39.0000000000 71.0000000000 O-HA - Microfinance and Small Business - Non Commercial Banking Total: $3.00 million 3000000.00 3000000.00 Closed Joint Stock Company Humo Bank Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/47463/bop-humofy23 XM-DAC-903-SII-49123 International Finance Corporation   The proposed Project consists of a straight senior loan to Closed Joint-Stock Company Bank Arvand (Arvand or the Bank) a private bank in Tajikistan, an IDA country, with a strong focus on lending to micro and small enterprises (MSEs). The three-year loan would provide much needed mid-term uncollateralized funding in Tajik Somoni (TJS or LCY) to Arvand to support the Bank in servicing the most vulnerable clients in the remote under-/ unbanked regions of Tajikistan. Out of the total loan proceeds, up to US$2.5 million will be dedicated to housing microfinance projects, up to US$1.25 million will be dedicated to women-owned MSEs (WMSEs), and up to US$1.25 million will be directed to support the Banks lending program to MSEs (the Project) in the challenging economic environment caused by the consequences of the COVID-19 crisis, further exacerbated by the geopolitical tensions. As part of the BOP program, the Project will use IDA PSWs Local Currency Facility (LCF) to source local currency, as well as the Pooled First Loss Guarantee (PFLG) from IDA PSWs Blended Finance Facility (BFF).  (i) Stakeholder effects Increased access to MSE finance: IFC anticipates that the Project will contribute to increased access to finance to MSEs and individuals in Tajikistan and help narrow the MSME access to finance gap in Tajikistan; (ii) Stakeholder effects Increased access to housing microfinance: By directing 50 % of the total project resource envelope to housing finance, this Project is expected to contribute towards the reduction of the access to housing microfinance gap in Tajikistan; (iii) Competitiveness: IFC expects that the Project will promote the competitiveness of the microfinance market in Tajikistan through the competition channel. CJSC BANK ARVAND Closed Joint Stock Company Bank Arvand Kahor Abdulloev Director of Finance Department +992927700283 kahor.abdulloev@arvand.tj 1A Ismoili Somoni Avenue Khujand City, Republic of Tajikistan arvand.tj International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Tajikistan   Proceeds of the IFCs investment will be on-lend by Arvand to the end-borrowers through its more than 70 service points located on the territory of Tajikistan. Location description A description that qualifies the activity taking place at the location. 39.0000000000 71.0000000000 O-AC - Commercial Banking - Microfinance Total: $5.00 million 5000000.00 5000000.00 CJSC BANK ARVAND Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/49123/cdel-arvandfy24 XM-DAC-903-SII-49233 International Finance Corporation The proposed project is a three-year Tajik Somoni (TJS or LCY) denominated loan from IFCs own account of up to US$5 million to the Closed Joint Stock Company Microcredit Deposit-Taking Organization IMON International (IMON or the Company), the largest microfinance institution (MFI) and the fourth largest financial institution in Tajikistan, an IDA country, to support its lending program to micro and small enterprises (MSE) in underserved segments and regions. (The Project). At least 50% will be allocated to MSEs operating in the agriculture sector of Tajikistan, including small holder farmers, up to 40% for housing microfinance projects and the remaining proceeds will be used to finance MSEs, including women led MSEs. As part of the BOP Program, the Project will use IDA PSWs Local Currency Facility (LCF) to source local currency, as well as the Pooled First Loss Guarantee (PFLG) from IDA PSWs Blended Finance Facility (BFF).                                                                                          The most significant expected project-level outcomes are increased access to MSE and housing finance in Tajikistan where the use of proceeds will be split 60:40. Beyond the project level outcome, IFC anticipates that the Project will promote greater competitiveness through demonstration and replication channels. CJSC Bank Imon International Closed Joint Stock Company Microcredit Deposit-Taking Organization IMON International Iso Abdusamiev Head of Investor Relations Unit +992927127444 iabdusamiev@imon.tj 17 Microdistrict, building 2, Khujand, Tajikistan www.imon.tj International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Tajikistan  IMON is headquartered in Khujand, Tajikistan and has a network of 128 branches and outlets across the country.                                                                                                     Location description A description that qualifies the activity taking place at the location. 39.0000000000 71.0000000000 O-HA - Microfinance and Small Business - Non Commercial Banking Total: $9.00 million 9000000.00 9000000.00 CJSC Bank Imon International Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/49233/cdel-imonfy24 XM-DAC-903-SII-51047 International Finance Corporation The proposed Project involves two senior loans up to equivalent of US$15 million in total, denominated in Tajik somoni (TJS), for the Closed Joint-Stock Company Bank Arvand (Arvand, or the Bank). The first loan of to up to US$5 million equivalent is expected to be provided in calendar year 2025, whereas the second loan of up to US$10 million equivalent would address the funding needs of Arvand in calendar year 2026. Up to 50% of the first loan proceeds would be allocated for energy-efficient (EE) housing microfinance (HMF) projects, up to 25% - for on-lending to micro and small enterprises (MSEs), and up to 25% - to women-owned MSEs (WMSEs). Utilization of proceeds of second loan is expected to be similar, but exact shares might be different. Both loans will have 3-year tenor with 1 year grace period.    Project outcomes: Stakeholder effects Increased access to housing finance: The Project is expected to contribute towards the reduction of the access to housing microfinance gap in Tajikistan and improve the housing conditions for Tajiki residents including low-income population. Stakeholder effects Increased access to finance for MSEs, including WMSEs: The Project will contribute to increased access to finance to MSEs in Tajikistan and help narrow the MSME finance gap in the country. Market outcomes: Sustainability IFC expects that the Project, will generate demonstration effect to the wider market and encourage replication by other Financial Institutions to provide energy-efficient housing solutions. CJSC BANK ARVAND Closed Joint Stock Company Bank Arvand Kahor Abdulloev Director of Finance Department kahor.abdulloev@arvand.tj 1A Ismoili Somoni Avenue Khujand City, Republic of Tajikistan arvand.tj International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Tajikistan Khudjand, Tajikistan    Location description A description that qualifies the activity taking place at the location. 39.0000000000 71.0000000000 O-AC - Commercial Banking - Microfinance Total: $15.00 million 15000000.00 15000000.00 CJSC BANK ARVAND Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/51047/mfpbop-arvand XM-DAC-903-SPI-7192 International Finance Corporation Summary Of Project Information (SPI) Project Name Tajikistan-Zeravshan Gold Project Region Central Asia, Middle East and North Africa Sector Project No007192 Projected Board DateMarch 7, 1996 Company NameZeravshan Gold Company (ZGC) Technical Partner and/or Major Shareholders Nelson Gold Corporation (49%) with management control of ZGC Government of Tajikistan (51%) Project Cost Including proposed IFC investment US$110 million. The proposed IFC investment is for up to US$7.5 million in equity and shareholder loans as an initial investment in Phase I of the development. Location of project and Description of site The site is located within the Zeravshan Valley in the Leninabad Region of northwestern Tajikistan, approximately 25 km from Penjikent by road. The Zeravshan Valley is flanked by the Turkestan mountain range to the north and the Zeravshan range to the south. Description of Company and Purpose of Project IFC has been requested by the Government of Tajikistan and Nelson Gold Corporation to participate as a 5% partner in the Zeravshan Gold Company joint venture. The objective of the joint venture is to rehabilitate and expand ZGCs existing gold mining operations and to conduct further exploration in the region. This project comprises Phase I of the development which consists of modification of the existing open pit mine and processing facility to produce approximately 60,000 ounces of gold per year. Completion of a feasibility study for the second phase is also part of this project. Phase II would comprise expansion of the existing open pit mine and a heap leach operation to increase production to 160,000 ounces of gold per year for a minimum of eight years. Following completion of the feasibility study, Phase II would be evaluated as a separate project. Environmental Category and Issues This is a category B project according to IFCs environmental review procedure. Environmental issues associated with this project include tailings treatment and disposal, waste water treatment, potential modification to land use, the handling of toxic and hazardous materials, and socio-economic benefits. The project includes a cyanide detoxification plant and modification of the existing tailings facility in accordance with the engineering design criteria required by the State of Nevada (USA) for a retrofitted facility. The project sponsor is preparing an environmental assessment as part of the feasibility study for Phase II which would be a category A project. The is February 7, 1995 from the Public Information Center. Host country location of environmental documents Ministry of Environment, Dushanbe Date SPI sent to PIC February 5, 1996 For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 676-0365 Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html). Zeravshan Gold Company International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Tajikistan Location description A description that qualifies the activity taking place at the location. 39.0000000000 71.0000000000 BE - Gold Total: $7.50 million 6300000.00 1200000.00 6300000.00 Zeravshan Gold Company 1200000.00 Zeravshan Gold Company Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/7192/zeravshan-gold-company XM-DAC-903-SPI-8579 International Finance Corporation Summary Of Project Information (SPI) Project Name Tajikistan: Zeravshan Gold Company Region Central Asia, Middle East and North Africa Sector Project No008579 Projected Board DateJanuary 6, 1998 Company NameZeravshan Gold Corporation (ZGC) Technical Partner and/or Major Shareholders Nelson Gold Company (NGC) is a public company listed on the Toronto Stock Exchange. NGCs principal asset is its wholly-owned subsidiary Commonwealth & British Minerals PLC (CBM) which has a 44% interest in ZGC, a joint venture among CBM, IFC, and the Government of Tajikistan represented by the State Committee for Precious Metals. Project Cost Including proposed IFC investment The project cost is estimated at US$28.6 million comprising US$19.6 million capital expenditure of ZGC and up to US$9.0 million equity investment in NGC. IFC will provide a US$3.0 million loan to ZGC and up to US$3 million equity subscription for about 10% interest in NGC. Location of project and Description of site The mine is located in the Khujand region of northwestern Tajikistan. Description of Company and Purpose of Project This project will allow for completion of an expansion program of ZGC in Tajikistan and it will expand the capital base of the parent company, NGC. The expansion program involves an increase in production from the Jilau open pit mine and an increase in capacity of the carbon-in-leach processing plant from 0.7 million to 1.7 million tonnes of ore per year to produce about 100,000 ounces (3.1 tonnes) of gold per year. Stronger capital base of NGC will help fund NGCs on-going exploration program in Central Asia and possible expansion in West Africa. The investment in ZGC will have a positive development impact on the economy of Tajikistan. The expansion of the mine will double project export earnings and the Governments share of cash flow from the project, in the form of royalties, taxes and dividends. The development and continued success of an internationally competitive mining operation has also a strong demonstration value. NGC is in negotiations for the acquisition of a gold mine in West Africa. If successful, the investment in NGC will therefore contribute to the rehabilitation of a gold mine in West Africa and create jobs and export earnings. The continuation of an exploration program in Tajikistan, Kyrgyz Republic, and Kazakhstan (Central Asia) may lead to the development of new mining projects and therefore may have a large leverage effect. Environmental Category and Issues The expansion of the existing operation is a category B project according to the IFCs environmental review. The key issues that will be addressed as part of the environmental review include NGC''s corporate environment and social policy; land use modifications; tailings treatment and disposal; liquid effluent and solid waste disposal; water resources; and general worker safety. The environmental effects of this expansion will be limited. Studies undertaken for the previous investment demonstrated that no parks or ecologically protected or sensitive areas or historic sites are located within the areas that could be affected by the proposed expansion. The construction of the new tailings facility will result in the loss of approximately 70ha of seasonal grazing land. ZGC has developed a mutually acceptable compensation package with the collective farm and has also provided additional irrigation facilities. As part of the initial expansion phase of the project, ZGC decided to opt for the ozonation process to destroy cyanide. Unfortunately this process has not worked as well as expected. As part of the expansion program, the ozonation plant will be brought back into operation. The existing operation is in compliance with World Bank guidelines. IFC will monitor the sponsors ongoing compliance with World Bank policies, and environmental, health and safety guidelines during the life of the project by evaluating monitoring reports submitted annually to IFC and by conducting periodic site reviews during project supervision. The is from the Public Information Center. Date SPI sent to PIC December 2, 1997 This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors. It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration. For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 974-4384 Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html). Zeravshan Gold Company International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Tajikistan Location description A description that qualifies the activity taking place at the location. 39.0000000000 71.0000000000 BE - Gold Total: $3.00 million 3000000.00 0.00 3000000.00 Zeravshan Gold Company 0.00 Zeravshan Gold Company Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/8579/zeravshan-jilau-gold-expansion-project XM-DAC-903-SPI-9742 International Finance Corporation Summary Of Project Information (SPI) Project Name Tajikistan - SEF Holland Supermarket RegionCentral Asia, Middle East and North Africa Sector Project No009742 Projected Board DateDecember 30, 1999 Company NameM&P Company Technical Partner and/or Major Shareholders The project will be owned by M&P Company, which currently owns an existing supermarket. The ownership structure of the company is proposed as follows: Mr. Orifov Maruf Gafurovich, local partner 50% Jo-anns v/d Molen BV, Dutch partner 50% Project Cost Including proposed IFC investment The total project cost is estimated to be US$1.275 million. The IFC has been requested to provide financing of up to US$0.4 million by way of a loan for purchase of equipment and for providing assistance to local small and medium-sized suppliers of the supermarket. Location of project and Description of site The new store is well located at Ahmad Donish Street in Dushanbe, one of the arterial roads leading to the airport. The building was previously used as a textiles showroom and workshop. Ahmad Donish Street is well served by public transport. The company is paying for a bus stop, which was located directly opposite the main entrance, to be relocated 200 feet. This will increase the number of car parking spaces offered by the store. Description of Company and Purpose of Project The project involves expansion of an existing supermarket called Holland Supermarket in Dushanbe, Tajikistan, for a total cost of US$1.275 million. The project will fill a significant void in Dushanbes underdeveloped and inefficient distributing and retailing system. It will be the first large-scale retail development in Dushanbe to address the needs of this city of about one million people, where there are currently no efficient, clean and covered retail facilities. The project will also have a major developmental impact on the distribution and retailing sector in the city. It will provide consumers with all the benefits of modern retailing: lower prices; one-stop shopping; increased range and variety of goods; better and consistent quality; and improved hygiene and food safety. The project also provides for support from the company to help stimulate local small suppliers. Environmental Category and Issues This is a category B project according to IFC''s environmental review procedure because a limited number of specific impacts may result which can be avoided or mitigated by adhering to generally recognized performance standards, guidelines or design criteria. Environmental and social issues associated with this project include: site selection and history; waste disposal (solid/liquid); CFC use; employee health and safety; and fire and emergency preparedness. No social issues are foreseen. Based on the available information regarding potential environmental impacts, IFC has concluded that the proposed project is being designed to meet government of Tajikistan requirements and World Bank policies, and environmental, health and safety guidelines. IFC will monitor the projects ongoing compliance with the World Bank policies and guidelines during the life of the project by evaluating environmental performance reports submitted annually to IFC by the sponsor and by conducting periodic site reviews during project supervision. The is from the InfoShop. Host country location of environmental documents At M&P Company, Ahmad Donish Street, Dushanbe. Date SPI sent to InfoShop This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors. It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration. For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 974-4384 Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html). Holland-Tajik Joint Venture M & P International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Tajikistan Location description A description that qualifies the activity taking place at the location. 39.0000000000 71.0000000000 BA - Retail (Including Supermarkets, Grocery Stores, etc.) Total: $0.40 million 400000.00 400000.00 Holland-Tajik Joint Venture M & P Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/9742/sef-holland-supermarket XM-DAC-903-SPI-10255 International Finance Corporation GBAO is one of the most isolated and impoverished areas of the world. It experiences long cold harsh winters. During the Soviet period, diesel power plants with subsidized fuel provided electricity to the majority of the population. With the collapse of the Soviet Union, and the subsequent civil war and sharp economic decline, fuel deliveries ceased and the plants have deteriorated beyond repair. As a result, the population has come to depend on fuel wood for cooking and heating. An estimated 70% of the regions tree cover has been cut down over the decade, schools and other public institutions must be closed during the coldest periods, indoor pollution is acute, and economic activity is stifled. The household income survey undertaken for the project estimated average monthly income for a household of six at $27. The project will generate and supply electricity under a 25-year concession. It will (i) take control of the assets of the state utility (around 40 MWs generation capacity in total) serving 200,000 people, (ii) expand the main Soviet era hydro-plant from 14 MWs to 28 MWs, and construct a river regulating structure at an upstream lake (to provide better winter flows), and (iii) rehabilitate other generation, transmission and distribution assets. In addition, the project will provide tariff subsidy mechanisms to ensure a minimum level of electricity for the poorest. In order to lower the project tariff and provide tariff subsidy mechanisms, IDA is expected to fund the project together with a grant from the Government of Switzerland. OAO PAMIR ENERGY COMPANY Pamir Energy Company Att. Matt Scanlon 3 Hakimzoda Street, Dushanbe, Tajikistan, 734 001 Satelite phone: 0873 761844875-8 Fax: +992 372 246565 E-mail : scanlon@tajnet.com International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Tajikistan The project will be located in the Gorno-Badakhshan Autonomous Oblast (GBAO), in the eastern part of Tajikistan. Location description A description that qualifies the activity taking place at the location. 39.0000000000 71.0000000000 BA - Large Hydro - Renewable Energy Generation Total: $8.00 million 4500000.00 3500000.00 4500000.00 OAO PAMIR ENERGY COMPANY 3500000.00 OAO PAMIR ENERGY COMPANY Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/10255/pamir-energy-development XM-DAC-903-SPI-10795 International Finance Corporation Telecom Technology Limited (the Company) is an exisisting company involved in the business of providing internet services in the city of Dushanbe, Tajikistan. The Company, now wants to expand its activities to other cities of Tajikistan nemely Khujand, Kurgan Tube and Chakalovsk and the Project involves the installation of 4-satellite VSAT stations to establish a network connecting these four cities of Tajikistan. As a result of the Project, a wide range of reliable Internet, Email and private data communications services (currently unavailable or under-served in Tajikistan) will be made available in Dushanbe and three cities of Northern Tajikistan. The Project is a business expansion, sponsored by Telecom Technology Limited. The estimated US$0.7 million cost of the Project includes cost of purchase of new equipment, installation and training and working capital. The Project is expected to be implemented within a period of 6 months after disbursement by IFC. The Project will have the following developmental impacts: (1) expansion of an information service increasingly vital to the development of competitive industry and services; (2) increased competition in a small market; (3) introduction of up-to-date technology in a sector where this is crucial; (4) supporting the emerging Tajik business community; and (5) creation of 30 jobs. The Project is in line with the World Bank Group Country Assistance Strategy, which highlights IFCs key focus in Tajikistan on promoting investment in small and medium size businesses to foster broad based industrial development and help alleviate poverty. More specifically, the Project complements IFCs strategy to encourage and support commercially viable Projects in Tajikistans emerging SMEs in the private sector by: (a) helping develop new and efficient private sector companies; (b) assisting employment generation; and (c) promoting development of communications. The proposed Project builds directly on these strategies and supports the CAS in private sector development, particularly in the area of SMEs. TELECOMM TECHNOLOGY CJSC Mr. Shavkat Khalilov 35/1, Bohtar Street, Dushanbe, 734002, Tajikistan International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Tajikistan The head office of the Company is and will be located in an office building (rented premises) in the City Center of Dushabe and a regional office (also rented space in an office building) will be established in the city of Khujand. Location description A description that qualifies the activity taking place at the location. 39.0000000000 71.0000000000 BA - Internet Access Providers (Including ISPs, Datacenters) Total: $0.35 million 350000.00 350000.00 TELECOMM TECHNOLOGY CJSC Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/10795/sef-telecom-technology XM-DAC-903-SPI-11077 International Finance Corporation This is an innovative pilot attempt by IFC to alleviate the acute poverty of cotton farmers in Tajikistan by enabling them to take control of their own commercial activities. FOM, which will be owned by the farmers, will use the IFC Loan and the SECO grant to: (i) purchase and deliver to the farmers a complete input bundle (including seeds, fertilizers, agrochemicals, tools, implements, grain bags, crop storage, equipment rental, picking charges and transport); (ii) arrange for processing the farmers crop; (iii) sell through its marketing service the farmers crops directly on the market; and (iv) identify and develop market opportunities and enterprises to assist with improving farmer viability and enterprise diversification. The proposed project will bring management skills and financial support to the agricultural sector and demonstrate the economic benefits to be gained by upgrading the quality and quantity of the cotton crop. The technical assistance will be managed by Private Enterprise Partnership (PEP), who will train the farmers in proper production, irrigation, fertilization and financial management, in addition to appointing the manager. The technical assistance is part of the overall Swiss-IFC Central Asia technical assistance Partnership for Central Asia that has been recently approved by SECO and that will be implemented by PEP. The project is expected to increase cotton yield and revenues for farmers currently living in abject poverty. The venture will also bring an increase of foreign exchange in the country, as over 80% of Tajikistan''s cotton is exported. Sughdagroserv OJSC Private Enterprise Partnership, c/o International Finance Corporation, Tajikistan Rudaki Avenue 95/1, 7th floor Dushanbe Tajikistan Phone: 993-372-210-756 International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Tajikistan The project will be located in the Nov and Zafarabad regions of Northern Tajikistan and expand thereafter to other regions. Location description A description that qualifies the activity taking place at the location. 39.0000000000 71.0000000000 AI - Natural Fibers (Cotton, Sisal, Jute, etc.) Total: $0.25 million 250000.00 250000.00 Sughdagroserv OJSC Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/11077/farmers-ownership-model XM-DAC-903-SPI-11254 International Finance Corporation The project will upgrade Giavonis plant and will expand its vertically integrated operations through the construction of a jean manufacturing facility with capacity to produce about 1.3 million pieces per year. IFC''s role in the project is to facilitate foreign strategic investment in Tajikistan. The project is expected to have the following key development impacts: (i) stimulate the growth of the local economy by providing additional private sector jobs; and (ii) demonstration of best operational practices. Joint Venture with Limited Liability Giavoni The Directors Giavoni SA Giavoni Street, No.1 Khojand City Republic of Tajikistan International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Tajikistan The project is located in Giavonis existing textiles factory located in the outskirts of Khojand, northern Tajikistan. Location description A description that qualifies the activity taking place at the location. 39.0000000000 71.0000000000 CB - Garment and Apparel (With Primary Textile Operations, Excluding Footwear) Total: $3.00 million 3000000.00 3000000.00 Joint Venture with Limited Liability Giavoni Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/11254/giavoni-project XM-DAC-903-SPI-11657 International Finance Corporation The project is to provide support to the Micro Finance Bank (FMBT, the Bank, or the company), the first microfinance bank to be licensed in Tajikistan. The Bank, which received a full banking license in September 2003, will provide credit and other financial services in rural and urban areas. It is currently expected that the capital of the Bank would be increased to $3.5 million with IFC taking up to 19% of the banks equity or $ 0.7 million equivalent. FMBT is expected to have a highly developmental impact in terms of: - providing much needed funding to an underserved sector in both urban and rural areas; - employment generation; - skill-building and best practice in the financial sector; and - demonstration effect for financial sustainability. INVESTMENT AND CREDIT BANK CJSC Momina Aijazuddin ( IFC) maijazuddin@ifc.org, Jacques Toureille ( AKFED) Jacques.toureille@aiglemont.org International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Tajikistan The Banks headquarters and first branch will be located in Dushanbe, the economic and political capital of Tajikistan. The Bank will first deploy towards the Central and Eastern Region of Tajikistan, which offer a good economic potential, an active portfolio of loans and a strong AKDN presence. The branches will serve as regional hubs for a network of peri-urban and urban branches. Mobile banking services and linkages with village banks will be developed in remote areas. Location description A description that qualifies the activity taking place at the location. 39.0000000000 71.0000000000 AC - Commercial Banking - Microfinance and Small Business Total: $0.67 million 670000.00 670000.00 INVESTMENT AND CREDIT BANK CJSC Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/11657/sef-akfed-microfinance-bank-tajikistan XM-DAC-903-SPI-22619 International Finance Corporation The project consists of expanding the asset base of SugdAgroServe (SAS or the company), an existing client of IFC, to help meet the growing demand for funding by cotton farmers in Tajikistan. In April 2002, IFC helped establish SAS on a pilot basis to alleviate poverty among cotton farmers. SAS allows farmers to become shareholders and capitalize on profits by financing crop inputs at affordable prices and selling their cotton in greater quantities and on better terms. The initial $502,000 was sufficient to provide crop input financing to about 1,200 hectares. As more farmers want to participate, the contemplated expansion and additional funding would enable SAS to service up to an estimated 3,500 hectares. Sughdagroserv OJSC Mr. Hans Woldring, Project Manager SugdAgroServe Building 85 A, Lenina Street Khujand, Tajikistan tel: 992 3422 67211 office International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Tajikistan The project is located in the Nov and Zafarabad regions of Northern Tajikistan and expands thereafter to other regions. Location description A description that qualifies the activity taking place at the location. 39.0000000000 71.0000000000 AI - Natural Fibers (Cotton, Sisal, Jute, etc.) Total: $0.50 million 500000.00 500000.00 Sughdagroserv OJSC Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/22619/sef-sugdagroserve XM-DAC-903-SPI-24004 International Finance Corporation This project Open Joint-Stock Company Eskhata Bank (Eskhata Bank or the Bank) is part of IFC's Central Asia Micro and Small Enterprise Facility (the Facility), comprising of individual credit lines to selected partner banks for on-lending to micro and small enterprises (MSEs) through specialized micro and small business finance windows created at the partner banks level for this purpose. Within the framework of the facility, IFC will, in close collaboration with EBRD, make available up to $45 million for lending (in the form of credit lines) to selected local banks for onlending to micro and small enterprises (MSEs) in Kazakhstan, The Kyrgyz Republic, Uzbekistan, and Tajikistan. Eskhata Bank, a Tajik commercial bank with approximately 4% of the banking systems total assets in Tajikistan, has been selected as a partner bank for the Facility. It was registered as a commercial bank on November 16, 1993 following the issue of a General License for banking operations by the National Bank of Tajikistan. Eskhata Bank has obtained licenses for conducting all types of banking operations, including foreign currency dealings. The main objective for the establishment of the Bank was to provide private companies and individuals (mostly in the cotton and agribusiness sectors) with access to credit and with a range of diversified banking services. The objective of this project is to expand the frontier of finance by extending downward the range of market segments served by Eskhata Bank. Thus, the IFC credit line will increase the availability of sustained credit to creditworthy MSEs, while at the same time building up the lending capacity and skill base of Eskhata Bank. Eskhata Bank OAO Dimitre Mitov, Senior Investment Officer Email: dmitov@ifc.org International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Tajikistan The Head-Office of Eskhata Bank is located in Khujand City in Sugd Region, the northern part of Tajikistan. The Bank has around thirty representative offices (outlets) in Tajikistan, and one branch in Dushanbe, which started its operation in January 2003. Location description A description that qualifies the activity taking place at the location. 39.0000000000 71.0000000000 AC - Commercial Banking - Microfinance and Small Business Total: $45.00 million 45000000.00 45000000.00 Eskhata Bank OAO Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/24004/open-joint-stock-company-bank-eskhata XM-DAC-903-SPI-9936 International Finance Corporation The project consists of an equity investment of up to $500,000 in Tajik Sodirotbank, which will represent up to 20% of the share capital. The proceeds of the IFC investment would be used by TSB to: - strengthen its capital base, and - increase available funding to support the anticipated growth in private sector and SME lending. The IFC investment would be part of a larger recapitalization program that will increase the Bank''s capital from $1.14 million to $3 million equivalent. Other prospective investors include the European Bank for Reconstruction and Development (EBRD) for 15% to 20% of capital and the Agha Khan Fund for Economic Development (AKFED), which has expressed interest to subscribe for 25% to 30% of capital. There will also be a capacity building technical assistance program that will strengthen the bank''s operations and bring them in line with sound banking principles. IFC''s key role in the financial sector has three objectives. First, IFC seeks to encourage and support institution-building by focusing on the following priority areas: - help develop new and efficient private sector companies; - establish commercially viable intermediaries capable of mobilizing and allocating domestic savings for use by these private companies; and - assist in employment generation. Furthermore, the project will set standards of corporate governance and business conduct and discourage government interference. IFC''s involvement, in partnership with EBRD and AKFED, will foster the institution-building role through the Technical Co-operation (TC) program approved by the EBRD and AKFED''s active involvement in the operations of the bank. Third, IFCs involvement will act as a catalyst for more Foreign Direct Investment (FDI). Over the years, Tajikistan has attracted very little FDI. No foreign banking institution has to date invested in the Tajik financial sector and no strategic or financial investor is presently willing to take such initiative on its own. The success of the project should encourage other investors, who are currently reluctant to do business in the country, to invest in Tajikistan as the perceived risk diminishes. Tojiksodirotbank Open Joint Stock Company Mr. Izatullo Lalbekov 4 Ostrovskogo Street 734012 Dushanbe Republic of Tajikistan Telephone: 3772 - 233 561 Fax: 3772 - 233 932 International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Tajikistan TSB is headquartered in Dushanbe and has 5 branches across Tajikistan. Investments can be made throughout the country. Location description A description that qualifies the activity taking place at the location. 39.0000000000 71.0000000000 AA - Commercial Banking - General Total: $0.50 million 500000.00 500000.00 Tojiksodirotbank Open Joint Stock Company Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/9936/sef-tajik-sodir-ot-bonk XM-DAC-903-SPI-25598 International Finance Corporation The project is to provide a loan of $3.0 million to the First Micro Finance Bank of Tajikistan (FMFB-T or the Bank), an existing IFC client that has been providing credit and other financial services in rural and urban areas. The loan is expected to facilitate expansion of FMFB-Ts microfinance activities throughout Tajikistan. IFC would play an important developmental role by providing FMFB-T with additional longer term resources for on-lending to Micro and Small Enterprises (MSEs), which have difficult access to long term funding. FMFB-T has been building on the experience of the Microfinance Programmes of Aga Khan Fund for Economic Development in Tajikistan. FMFB-T, headquartered in Dushanbe, was granted a banking license by the National Bank of Tajikistan in September 2003. The Bank currently has regional branches in four urban centres: Gharm (serving the Rasht Valley), Khorog (serving the Gorno Badakhshan region), Khujand (serving the Sugd region) and Kulyab (serving Khatlon region). These branches are supported by a far-reaching network of over thirty small district offices in surrounding communities and rural areas. As of February 28, 2008, FMFBT had a total loan portfolio of $20 million and a client base of over 16,900 people, 31% of whom are female. FMFB-Ts average loan size is about $1,100 with a repayment rate of over 99%. FMFB-T employs a staff of over 270 dedicated professionals. IFC has a $0.85 million equity investment in FMFB-T, representing 14.6% ownership stake. Since 2005, FMFB-T has participated in the IFC Central Asia Leasing Advisory Program funded by the Swiss State Secretariat for Economic Affairs. The proposed project is expected to promote further private sector development in Tajikistan through - strengthening the banking sector which is very small, by helping develop key players in the sector; and - supporting private MSEs, by providing much needed longer term financing. INVESTMENT AND CREDIT BANK CJSC Mr. Jacques Gilman CEO, First Microfinance Bank Tajikistan (FMFB-T) 105, Rudaki Avenue, Dushanbe, Republic of Tajikistan. Phone: (992 37) 228 93 10 or 228 93 14 Fax: (992 37) 251 02 27 International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Tajikistan FMFB-T is headquartered in Dushanbe, Tajikistan and has regional branches in four urban centres: Gharm (serving the Rasht Valley), Khorog (serving the Gorno Badakhshan region), Khujand (serving the Sugd region) and Kulyab (serving Khatlon region). The Bank provides its services throughout the country. Location description A description that qualifies the activity taking place at the location. 39.0000000000 71.0000000000 HA - Microfinance and Small Business - Non Commercial Banking Total: $3.00 million 3000000.00 3000000.00 INVESTMENT AND CREDIT BANK CJSC Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/25598/akfed-first-microfinance-bank-tajikistan XM-DAC-903-SPI-26345 International Finance Corporation The project involves a six year $2,5 million senior loan to International Micro Loan Fund (IMON), a regulated, non-bank Micro Lending Foundation (MLF) based in Khujand, Tajikistan, governed by a Board of Trustees and an independent Board of Directors. The purpose of the loan is to support the growth of IMONs microfinance lending operations. The development impact of the project is expected to be high and far reaching in terms of its economic support for micro-enterprises and stimulus for employment generation in Tajikistan. More specifically it will improve business opportunities in rural and urban areas, support improved access to finance for micro and small enterprises in a country where there is a significant unmet demand. The project will enhance the expansion plans of IMON and help it become a more sustainable institution by supporting its institutional development and the introduction of new products tailored to the needs of the underserved entrepreneurs. CJSC Bank Imon International Ms. Sanavbar Sharipova, Chief Executive Officer 157 Khujandi Str. 735700 Khujand, Tajikistan International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Tajikistan The purpose of the loan is to support the lending operations of IMON in 33 regions in Western Tajikistan. IMON operates through seven branches (three in Sughd, two in Khatlon Oblast and one in Dushanbe) and 25 Client Service Centers (CSCs) and intends to increase its outreach by opening additional branches in the future. Location description A description that qualifies the activity taking place at the location. 39.0000000000 71.0000000000 HA - Microfinance and Small Business - Non Commercial Banking Total: $2.50 million 2500000.00 2500000.00 CJSC Bank Imon International Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/26345/sef-imon-project XM-DAC-903-SPI-26758 International Finance Corporation AccessBank Tajikistan JSC (Tajik Access or the project) is a greenfield microfinance bank which will be headquartered in Dushanbe (the countrys capital) towards the end of the second quarter/beginning of third quarter of 2008. Operating under a commercial bank license granted by the National Bank of Tajikistan (NBT), the countrys Central Bank, Tajik Access will seek to offer a broad range of financial services to micro, small and medium-sized enterprises in Tajikistan. It is the sponsors vision that Tajik Access will become the leading microfinance/SME bank in Tajikistan and will set new standards in the countrys banking sector in terms of professionalism, transparency and efficiency. The project will initially focus on providing credit to micro and small businesses (on the basis of a cash flow-oriented credit technology), as well as basic savings and payments services. Development of Financial Sector: IFC supports the development of a holistic financial sector, with interventions at the macro, meso and micro levels. IFC''s work in Tajikistan is an example of how the investment and advisory programs work together to build an enabling regulatory environment for microfinance and to create a new, best practice institution with the ability to demonstrate sustainable delivery of financial services to the micro and small segments of the market. Commercialization of Industry: IFCs main role lies in facilitating the process of commercialization of the industry. Commercialization enables MFIs to better leverage their equity, increasing their ability to serve significantly more clients, and offer them a wider range of financial products and services. The Project will also allow IFC to further develop and nurture a diversified network of investment partnerships and promote commercial microfinance by creating a demonstration and replication effect through the endorsement of microfinance as an attractive and profitable new asset class to commercial individual and institutional investors. Furthermore, IFCs commitment to AMHs network investments is likely to be a strong catalyst to attracting other international financial institutions as investors. ACCESSBANK TAJIKISTAN CJSC Christoph Ziegler LFS Financial Systems GmbH Linienstrasse 126 D-10115 Berlin Phone: (+49-30) 3087-4736 Fax: (+49-30) 3087-4750 E-mail: christoph.ziegler@lfs-consulting.de International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Tajikistan Tajik Access will be headquartered in Dushanbe, Tajikistan. In the first year of operation, one branch will be opened in Dushanbe and Khudjand. In the fifth year of operation, it is planned that Tajik Access will have 16 branches across the country. Location description A description that qualifies the activity taking place at the location. 39.0000000000 71.0000000000 AC - Commercial Banking - Microfinance and Small Business Total: $1.98 million 1980000.00 1980000.00 ACCESSBANK TAJIKISTAN CJSC Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/26758/accessbank-tajikistan-jsc XM-DAC-903-SPI-27047 International Finance Corporation The project involves the construction of a greenfield nine story 85 room five-star hotel in Dushanbe, Tajikistan by Tourism Promotion Services Tajikistan Limited (TPST or the Company), a subsidiary of the Aga Khan Fund for Economic Development (AKFED) to help address the shortage of high quality accommodation in the country, which is part of the essential business infrastructure required to support economic development. The project is expected to: - develop essential business infrastructure in order to help address the lack of quality accommodation facilities in Dushanbe by developing an essential part of the citys business infrastructure; - enhance the local supply chain to create linkages with the rest of the economy; - create employment and provide training to local staff during the construction and operation phases. After the opening, the Company estimates that it will employ 135 people, of which, 80% will be local and 20% will be expatriates. It will also provide additional employment with multiplier effects along the supply chain. Moreover, TPST will provide extensive training to local staff in hotel and hospitality management at its other facilities in the region. - generate government revenues in the form of value-added taxes ("VAT"), property and other taxes; and - improve life, fire and safety standards by adhering to IFCs life, fire and safety standards which will improve the hotels safety and is expected to set a best practice benchmark for other hotel developments. Tourism Promotion Services Tajikistan Mr. Aziz Boolani CEO Tourism Promotion Services (Tajikistan) Limited Ramma 5, Khayaban-e-Suhrawardy, Islamabad, Pakistan Telephone: +92 51 287-1000 Fax: +92 51 287-1008 Email: ceo@serena.com.pk International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Tajikistan The project will be located on Rudaki Avenue, a thoroughfare in the heart of Dushanbe that is surrounded by key government and civic buildings, and is a 10 minute drive from the Citys airport. The enclosing area also includes a mix of academic institutions, retail/wholesale and residential properties and the National Museum. Location description A description that qualifies the activity taking place at the location. 39.0000000000 71.0000000000 AA - City and Business Hotel Total: $7.00 million 7000000.00 7000000.00 Tourism Promotion Services Tajikistan Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/27047/tourism-promotion-services-tajikistan-limited XM-DAC-903-SPI-28227 International Finance Corporation The proposed project is to provide a senior loan of up to $5.0 million and additional GTFP Guarantee Facility for up to $2.0 million to the Open Joint Stock Company Bank Eskhata (the Bank or EB) to support the Banks MSME lending operations throughout Tajikistan. EB is an existing IFC client that has been providing credit and other financial services in Tajikistan with focus in the northern part of the country. IFC would play an important developmental role by providing EB with additional longer term resources for on-lending to MSMEs, which have difficult access to funding. Established in 1993, Eskhata Bank is one of the better managed medium banks in Tajikistan with enhanced presence in the northern part of Tajikistan. EB is a transparent financial institution, having demonstrated its full commitment to developing and adhering to best practice corporate governance standards and active development of MSME lending. EB is currently the fifth-largest bank in Tajikistan ranked by total assets, with approximately 6.7% market share of total banking system. Eskhata is headquartered in Khujand city, the Sughd region in the northern part of Tajikistan, and has a network of nine branches located in Khujand, the other major centers of the Sugd Region, and the capital city Dushanbe. The Bank offers traditional range of banking services with greater focus on development of its lending to MSMEs that play an important role in the economy of Tajikistan. As of December 31, 2008, EB MSME loans represented over 70% out its total loan portfolio. The project is expected to have a significant development impact as it would enhance the Banks ability to lend to MSMEs and would enable the Bank to offer wider financing options to Tajik MSMEs that is crucial for the sustainable development of the private sector across the country that would result in improved economic development and poverty reduction. The project is also expected to contribute to the increased competition in the financial sector and create a demonstration effect for other investors to invest into the MSME segment. Eskhata Bank OAO Mr. Khurshed Nasirov Chairman of the Management Board Open Joint Stock Company Bank Eskhata 135, Gagarin Street, Khujand City, Republic of Tajikistan, 735700 Phone: + 992-34 22 6 69 99 Fax: + 992-34 22 6 69 99 International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Tajikistan Eskhata is headquartered in Khujand city, the Sughd region in the northern part of Tajikistan, and has a network of nine branches located in Khujand, the capital city Dushanbe, and the other major centers of the Sugd Region. Location description A description that qualifies the activity taking place at the location. 39.0000000000 71.0000000000 AC - Commercial Banking - Microfinance and Small Business Total: $5.00 million 5000000.00 5000000.00 Eskhata Bank OAO Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/28227/eskhata-bank-sl XM-DAC-903-SPI-29630 International Finance Corporation The owner of the leading FMCG distributor in Tajikistan, plans to create a new entity, Amiri LLC, to launch chocolate and confectionary production in Dushanbe. Production is planned to start by the end of December for chocolate products, targeting the middle class consumers, with nationwide distribution. Amiri will be the first modern chocolate operation in Tajikistan, competing against imported brands. The project includes investment in: (i) the renovation of existing production premises, formerly used for storage; (ii) equipment for chocolate production; and (iii) working capital. IFC funding will be used to support the purchase of modern chocolate processing equipment. The existing distribution company, Tajero, was established in 2002 and has since built strong relations with leading international companies to distribute and market FMCG products in Tajikistan. The new company, Amiri, will take advantage of the Tajero network for brand management, distribution and key shelf space to leverage Tajeros depth of expertise and strong relationships with retail players. Through this Project, IFC will be investing with a local sponsor that has built a strong distribution business in a challenging environment and now is looking to start its own production in a predominantly import dependent market. With IFC's involvement, Amiri is well positioned to become a model production site through support from IFC on food safety, HACCP and environmental standards, and would be able to disseminate best practices through its distribution network. The Project's main beneficiaries will be financiers, employees, owners of small stores and consumers. CONFECTIONERY PLANT AMIRI LLC Ms. Gulbakhor Muminova Tel: +992 37 601 1122 LLC Confectionery Plant Amiri 3 Kushteppa Street, Dzh Rossia District Rudaki Tajikistan International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Tajikistan Amiri LLC is located in the Rudaki district of Dushanbe, Tajikistan. The site used to be an old storage facility which Mr. Gaibullozoda purchased in 2005 and fully renovated into modern storage and production complex. Part of the complex measuring 1,500 m2 is now being outfitted for chocolate production. Location description A description that qualifies the activity taking place at the location. 39.0000000000 71.0000000000 AB - Sugar and Confectionery Total: $1.30 million 1300000.00 1300000.00 CONFECTIONERY PLANT AMIRI LLC Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/29630/sef-tajero-choc XM-DAC-903-SPI-30831 International Finance Corporation The proposed project is to provide a senior loan of up to $4 million to CJSC AccessBank Tajikistan (ABTJ or the Bank). Proceeds of the loan will be used to finance the expansion of their lending to micro and small entrepreneurs (the Project). ABTJ currently seeks long-term funding to continue its dynamic growth and offer new products to its target clientele. The Project is expected to have the following development impacts: (i) increase access to finance for MSEs; (ii) contribute to employment creation and poverty reduction in Tajikistan; (iii) support the Bank's efforts to diversify and increase the volume of its funding; (iv) build market confidence in financial institutions and encourage more intermediaries to extend financial services to target segment; and (v) deepen the financial markets, stimulate competition in the microfinance sector and increase lending products and services available in the market. ACCESSBANK TAJIKISTAN CJSC Mr. Johannes Mainhardt Financial and Operations Manager CJSC AccessBank Tajikistan 61/1 Firdavsi Street, Dushanbe 734061, Republic of Tajikistan Tel: +992 (37) 231 98 24 Fax: +992 (37) 231 98 07 E-mail: johannes.mainhardt@accessbank.tj International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Tajikistan ABTJ is headquartered in Dushanbe. The Bank is in the process of opening its third and fourth branches in Dushanbe in 2011. Location description A description that qualifies the activity taking place at the location. 39.0000000000 71.0000000000 AC - Commercial Banking - Microfinance and Small Business Total: $4.00 million 4000000.00 4000000.00 ACCESSBANK TAJIKISTAN CJSC Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/30831/accessbank-tajikistan-senior-loan XM-DAC-903-SPI-31438 International Finance Corporation Based in Dushanbe, the Tajero Group of Companies (the Group) is composed of three related but separate companies: Tajero LLC, Tajero-Sugd and Amal Industry. It is the leading nationwide importer and distributor of food and beverages with exclusive contracts from 16 International Fast Moving Consumer Goods (FMCG) companies. Tajero distribution currently covers 70% of sales points in Tajikistan. Tajero is exposed to volatility in global prices as a distributor of imported food, which makes up 80% of food in Tajikistan. Increasing food prices coupled with currency depreciation have limited Tajeros ability to further expand the operation, particularly as access to affordable capital has diminished in Tajikistan. To sustain stable volumes and further grow the business, Tajero seeks more affordable sources of financing and has approached IFC to reduce refinancing risks. Tajero has approached IFC for a 3-year working capital line to refinance a current loan and reduce financing costs (the Project). This would be IFC's second investment with Tajero. Through this Project, IFC will be supporting a local sponsor that has built a distribution business in a challenging environment. The project will have strong development impact: i) in the business community where Tajero will serve as an example of the benefits to be gained through improved transparency and corporate governance; ii) for consumers, as the affordable financing that Tajero will obtain from IFC will help mitigate the price increases it is passing on to its customers, which are also as a result of global food price increases; and iii) for investors and exporters to the region, as IFC's involvement with Tajero adds comfort in identifying potential partners in Tajikistan, a country with few foreign investors outside the resource sectors and microfinance. Tajero LLC Ms. Gulbakhor Muminova Tel: +992 37 601 1122 Email: g-muminova@tajero.tj LLC Tajero 3 Kushteppa Street, Dzh Rossia District Rudaki Tajikistan International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Tajikistan The Company is located in the Rudaki district of Dushanbe, Tajikistan. The site used to be an old storage facility which Mr. Gaibullozoda purchased in 2005 and fully renovated into modern storage and production complex including a 1,000 sq.m. modern refrigerated warehouse and a 2,300 sq.m. dry warehouse. Throughout Tajikistan, Tajero owns and leases warehouse facilities of approximately 7,360 sq. m in total including warehouses of 1,850 sq. m. for frozen products and refrigerated warehouses of 1,160 sq. m. Location description A description that qualifies the activity taking place at the location. 39.0000000000 71.0000000000 AA - Wholesale (Including Grocery and Farm Products) Total: $1.70 million 1700000.00 1700000.00 Tajero LLC Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/31438/sef-tajero-ii XM-DAC-903-SPI-31740 International Finance Corporation The Project (IMON Senior Loan 2) is to support Micro Lending Organization IMON International LLC (the Company or IMON), Tajikistans largest microfinance company, founded in 2005. IFCs debt financing to a strong financial intermediary like IMON with a successful track record of providing funding to local micro entrepreneurs would help the company expand its lending to micro and small entrepreneurs. The Company seeks long-term funding to continue its dynamic growth and offer new products to its target clientele. The developmental impact is expected to be high: - The Project would provide funding for the underserved segments of the society in Tajikistan, more specifically women entrepreneurs; would strenghten the microfinance sector in Tajikistan and would help create jobs and reduce poverty in Tajikistan by supporting economic growth. - In Tajikistan, the provision of term funding in the local financial market would have a very strong demonstration effect and build market confidence. CJSC Bank Imon International Ms. Sanavbar Sharipova MLO "IMON International,"LLC17th Microdistrict, House 2Khujand, Tajikistan Telephone : 992 3422 42353Fax: 992 3422 25744 E-mail: SSharipove@imon.tj www.imon.tj International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Tajikistan IMON is headquartered in Khujand, Tajikistan and is currently present in most of the regions of Tajikistan and runs a network of 11 branches and 37 outlets. Location description A description that qualifies the activity taking place at the location. 39.0000000000 71.0000000000 HA - Microfinance and Small Business - Non Commercial Banking Total: $5.00 million 5000000.00 5000000.00 CJSC Bank Imon International Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/31740/imon-sl-2-project