PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

608202

Primary Business Area

Other

Disclosure Date

Dec 18, 2024

Country

Kyrgyz Republic

Region

Central Asia and Turkiye

IFC Approval Date

Jan 23, 2024

Status

Active

Estimated Total Budget

$985,639.00
(Project budget includes all project-funded activities)

Last Updated Date

Dec 19, 2024

Project Estimated Start Date

Jan 24, 2024

Project Estimated End Date

Dec 31, 2026

Client Legal Name

Association of Microfinance Organizations of Tajikistan

Project Description

Innovative financial technologies became the solutions to improve the efficiency of financial transactions, reducing the time and cost associated with paper-based and labor-intense processes, thus helping financial service providers to offer affordable products and services. Furthermore, the provision of financial services such as payments, credit, or insurance in the course of non-financial activities, has become the emerging solution to financial inclusion for individuals and SMEs. Companies operating in such sectors as e-commerce, e-logistics, value-chain, and ride-hailing, substantially enhance or even transform their value proposition by adding financial services to their product suite. The overall objective of this IFC Project is to further support the financial sector development and increase access to financial services for MSMEs and the general population in Kyrgyzstan and Tajikistan through innovation and digitalization of financial services.

Development Results

E&S Risks / Impacts and Mitigation