Micro Lending Foundation ZAR

Misión:

Expanding the economic capacity of women entrepreneurs in Tajikistan

Antecedentes y principales retos:

Microcredit program was started in July 2003 in the framework of NGO OILA Foundation progam and includes more than 240 families in Dushanbe city, Varzob, Gissar and Rudaki regions of Tajikistan. The program is self-sustainable with ROA at 25%.

Dirección:

5/6 A. Navoyi St

Dushanbe

434026

Tajikistan

Teléfono:

+992 36 23 67

Correo electrónico:

zarlending [at] mail [dot] ru

Website:

www.zarlending.tj

Principales fuentes de financiamiento:

Grants

Loans

Productos y servicios:

Loans

Buscar (Tipos de Inversión):

Loans in Local Currency

Loans in USD

Capacity-Building Grants

Loans in EUR

% Operaciones que incluyen MF:

91 - 100

Fecha en que se estableció:

Jan 1 2003

Fin de año fiscal:

31-Dec

Current Legal Status:

NBFI

Regulada:

Social Performance Profile


+ Mission specifics
+ Target markets (ranked by importance)
+ Development goals (ranked by importance)
+ Poverty targets
+ Governance
Has trained members of its board on social performance management
+ Range of products and services
+ Financial products and services offered
+ Credit products offered
Microcredit loans for microenterprises
Microcredit for household needs/consumption
Loans for agriculture
Loans for education
+ Savings products offered
+ Compulsory insurance products required
+ Voluntary insurance products offered
+ Other financial products and services offered
+ Non-financial services offered
+ Enterprise services offered
+ Education services offered
+ Health services offered
+ Women's empowerment services offered
+ Products and services targeting the poor
Products and services specifically designed to target the poor:
+ Social responsibility to clients
+ Client protection principles in use
The loan approval process requires evaluation of borrower repayment capacity and loan affordability. Loan approval does not rely solely on guarantees (whether peer guarantees, co-signers or collateral) as a substitute for good capacity analysis.
Internal audits check household debt exposure, lending practices that violate procedures including unauthorized re-financing, multiple borrowers or co-signers per household, and other practices that could increase indebtedness.
Productivity targets and incentive systems value portfolio quality at least as highly as other factors, such as disbursement or customer growth. Growth is rewarded only if portfolio quality is high.
Prices, terms and conditions of all financial products are fully disclosed to the customer prior to sale, including interest charges, insurance premiums, minimum balances, all fees, penalties, linked products, third party fees, and whether these can change over time.
Staff is trained to communicate effectively with all customers, ensuring that they understand the product, the terms of the contract, their rights and obligations. Communications techniques address literacy limitations (e.g. reading contracts out loud, materials in local languages).
Acceptable and unacceptable debt collection practices are clearly spelled out in a code of ethics, book of staff rules or debt collection manual.
The organization's corporate culture values and rewards high standards of ethical behavior and customer service.
A mechanism to handle customer complaints is in place, has dedicated staff resources, and is actively used. (Suggestion boxes alone are generally not considered adequate.)
Customers know how their information will be used. Staff explains how data will be used and seeks permission for use.
+ Cost of services to clients
Declining balance interest method
+ Social responsibility to staff
+ Human resources
Protection at work (safety, anti-harassment)
Equality (anti-discrimination, equal pay for men and women with equivalent skill levels)
+ Basis of staff incentives related to social performance
Ability to attract new clients from target market
Outreach to remote/rural communities
Portfolio quality
+ Social responsibility to the environment
+ Poverty measurement tools in use
Per capita household income