THE FIRST OF OXUS’ AFFILIATES
The OXUS story began in 1997 in Tajikistan, just as the country emerged from a fierce civil war. Back then, ACTED started to disburse its first micro-loans in the Vakhsh Valley. This microfinance programme aimed at supporting bakers in desperate need of flour, who were able to repay at a later stage. Following the success of this initial initiative, ACTED gradually launched several microfinance programs across the country. In February 2006 eventually, OXUS was registered with the Tajik National Bank as a Micro Lending Organization. Since then, OXUS Tajikistan has developed the portfolio inherited from ACTED. As of December 2017, OXUS Tajikistan is ranked amongst the largest microfinance provider in portfolio terms in the country. The affiliate has 4 branches and 27 BCSs and has since inception disbursed over 117 969 micro loans
COver the last decade Tajikistan has achieved remarkable socio-economic progress. The national poverty headcount at national level has retreated from 92% in 1999 to 30,3% in 2016. In addition, more than 80% of the Tajik population lives in rural areas, with agriculture representing 20.7% of the GDP. At the same time, the country suffers from weak financial inclusion as banks and local financial institutions are not always able to provide much-needed loans to local farmers and entrepreneurs.
PRODUCTS AND CLIENTS
In order to best meet the specific needs of its clients OXUS Tajikistan currently offers 7 different types of products (individual business loans, group loan products, individual agro livestock loan products, individual agro horticultural product, external consumer loan products, express loans and internal consumer loan products), with individual loans accounting for 99% of the affiliate’s outstanding loan balance.
Since inception, OXUS Tajikistan has focused on operations in rural areas where 81% of clients live and work. To date about 34% of OXUS clients in Tajikistan use their loan to finance trade and services activities, while nearly 38% use it for livestock and horticulture. In the meantime, women represent 40% of OXUS Tajikistan clients.
Chief Executive Officer
Vatansho graduated in Modern Languages from the Tajik State University in Dushanbe, and is currently enrolled in an Economics Master Degree at the Russian Humanities Academy. After working for the Office of the Prime Minister, he joined ACTED in 1997, initially to monitor and supervise a program aimed at supporting small and medium-sized entrepreneurs. He gradually moved his way up to become Area Programs Coordinator for the Khatlon Region in 2003. In 2006, he became Chief Executive Officer of the newly created OXUS Micro-Lending Organization in Tajikistan.
Chief Operations Officer
Ilkhom obtained a degree from the Economics and Management Faculty of the Technological University of Tajikistan in Khujand. He began to work for OXUS Tajikistan in 2006 as a Loan Officer in the Sughd Branch, and was quickly promoted to be Loan Administrator, and Loan Supervisor. He managed Product Development and Marketing at Headquarters before becoming Chief Operations Officer.
Deputy Chief Executive Officer
Alisher graduated from the Economic & Management Faculty of the Tajik State University of Commerce in Dushanbe, Tajikistan. After having started his career in 2005 as loan officer at EBRD program (TMSEF), he joined the team of OXUS Tajikistan in 2006 and since then been working in different positions such as Credit Manager, Branch Manager and Head of the Risk Department. In 2013, he was appointed as Regional Manager for the Dushanbe area and managed. Since the beginning of 2017, Alisher holds the position as OXUS Tajikistan Deputy CEO.
676 Umed Str., Dushanbe, Tajikistan
Tel: (+992) 48 701 60 08, 48 701 60 08