MICROCAPITAL BRIEF: International Finance Corporation (IFC) to Loan $4m to AccessBank of Tajikistan for Expansion of Loan Portfolio, Movement Toward Deposit-Taking

The International Finance Corporation (IFC), the private-investment arm of the World Bank Group, has agreed to loan USD 4 million to microfinance institution (MFI) AccessBank Tajikistan to expand the MFI's loan portfolio, develop a greater variety of credit products and “support competition in the microfinance sector,” according to an IFC press release [1]. Tomasz Telma, a co-founder of AccessBank and current IFC Associate Director for Central Asia and Azerbaijan, says that the investment will help the MFI reach its goal of “becoming a sustainable deposit-taking institution” [1]. IFC has previously invested USD 2 million in AccessBank to support the expansion of microfinance services, as was reported by MicroCapital in March 2010 [2]. AccessBank Tajikistan is a subsidiary of.... Continue reading here. Contact MicroCapital to receive a complete sample issue of the MicroCapital Monitor, the monthly microfinance newspaper.