IMON International is a microfinance institution in Tajikistan. It was initially a project launched in 1999 by the National Association of Business Women in Tajikistan (NABWT), with support from the NGO Mercy Corps, and todays serves over 110,000 clients. IMON International is the leading microfinance institution in Tajikistan, with a market share of 35%. The MFI currently has some 1,500 employees, 38% are women.
The project involves the allocation of a USD 6m credit line (equivalent in local currency – TJS) to the Tajik microfinance institution (MFI) IMON International to support the development of its loan portfolio.
Proparco’s new credit line will make it possible to continue to support the development of a responsible microfinance player in the most fragile country in Central Asia. On the economic front, the project will support the financial inclusion of vulnerable populations, with over 23,000 additional people gaining access to high-quality microfinance products and services. The project will contribute to the employment and training of local communities.