Transcript BAI-TUSHUM FINANCIAL FOUNDATION

MCA
BAI TUSHUM
FINANCIAL FUND
Sustainability in
Rural Finance
May 2006
www.baitushum.kg
BAI TUSHUM – An Overview
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Chartered in October 2000
Founders – ACDI/VOCA and CARITAS
TA Funding: USAID and SDC
Legal Status: Non-commercial Public Fund,
reregistered as MCA on February
13,2003,certified by National Bank
Three branches and 10 sub-offices
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Loan Methodology
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Loans to farmers, entrepreneurs and legal entities
Loan size: 250 to 36,000 dollars
Loan term is 12 - 18 months
Grace period is 6-11 months for agricultural loans.
Market based interest rates
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Loan Methodology
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Individual lending under collateral
Rural and agricultural group lending ( max
$500), solidarity responsibility
Lending group of clients under one
immovable property
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Challenges in rural lending
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Influence of climate conditions
Failure of crops, plague of cattle
Unstable prices on production
Non-liquid collateral
Traditions
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Reducing risks in rural lending
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Flexible repayment graphic
Fast service
Well documented polices and procedures
Cooperation with rural authorities
Availability of additional income of clients
Diversification portfolio by agricultural
products
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Performance indicators
as of on April 1,2006
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Loan outstanding- USD 7,717,000
Active clients-4,014
Operational self efficiency-131%
Financial self efficiency -126%
Repayment rate – 99.27%
PaR>30 - 0.84%
Leverage ratio- 217%
Portfolio growth 2005- 95%
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Growth of loan portfolio and number of
clients
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Активные клиенты
Портфель
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Number of disbursed loans
2500
agrigultural
loans
2000
1500
trade and
servirces
1000
mortgage
500
consumer
loans
0
31.12.2001
31.12.2002
31.12.2003
31.12.2004
31.12.2005
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Financing
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EBRD
IFC
Blue Orchard
Hivos-Triodos
Frontiers
Local commercial Bank ( hedging scheme)
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Transformation& commercialization
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December 2005- Microcredit Company was
registered ,LLC
Assests&debts transfers
Equity investors
January 2008- MCC will be transform to MFC
( deposits taking), LLC will be transform to
JSC
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Strategic Objectives
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Microfinance Company, deposit taking MFI
New products and services
Equity investment
Geographic outreach
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