MCC Elet-Capital

Gross Loan Portfolio USD, 2010: 1.6 million

Number of active borrowers 2010: 4,614

Average loan balance per borrower USD, 2010: 345.0

Deposits USD, 2010: 0.0

Assets USD, 2010: 1.7 million

Number of depositors 2010: 0

Mission:

We provide opportunities for people with an active position in life to realize their aspirations to improve the well being through delivery of accessible progressive services; customer service is based on trust, honesty and respect. We approach the needs and ability to pay of customers in a fair ... Read more

Address:

125, Moskovskaya str.,

Bishkek

Kyrgyzstan

Phone:

+996312663709

Fax:

+996312666184

Email:

elet [at] elet [dot] kg

Main Funding Sources:

Loans

Shareholder Capital

Products and Services:

Loans

Looking for (Investment Types):

Loans in Local Currency

Capacity Building Grants

Equity investments

Loans in US$

Loans in EUR

Date established:

Jan 1 2005

FYE:

31-Dec

Current Legal Status:

NBFI

Regulated:

yes

Social Performance Profile


+ Mission specifics
+ Target markets (ranked by importance)
Clients living in rural areas	1
Women	2
+ Development goals (ranked by importance)
Increased access to financial services	1
Housing	2
Development of start-up enterprises	3
Improvement of adult education	4
Poverty reduction	5
+ Poverty targets
Low income clients
+ 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 for household needs/consumption
SME loans
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:	В нашей Компании разработан кредитный продукт "элет-кредиты" для сельских жителей. "Элет-кредиты" - это индивидуальные кредиты, которые выдаются на основании рекоммендации Сельского представителя Компании, на беззалоговой основе.
+ 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
Transparency on salary (a clear salary scale based upon market salaries)
Benefits (medical insurance, pension contribution)
Protection at work (safety, anti-harassment)
Equality (anti-discrimination, equal pay for men and women with equivalent skill levels)
There is a number of social benefits to employees: premium for a wedding or birth of a child, help at the death of a close relative, and vacation
+ Basis of staff incentives related to social performance
Outreach to remote/rural communities
Portfolio quality
+ Social responsibility to the environment
+ Poverty measurement tools in use
Per capita household expenditure
Per capita household income