JSC Imkon Finans Microfinance organization
Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes to the partner.
Partner Description:
Imkon Finans is an Uzbek MFI established in 2011 in Andijan (Fergana Valley). It serves people from rural areas and small towns in the region, providing loans for working capital, small investments, purchase and sales of debt obligations, accompanied by information and consulting services. By 2018, following the liberalization of the Uzbek economy, Imkon emerged as an outstanding player in the rural microfinance market of the region, with an operational increase of more than 4 times. Notably, Imkon Finans is one of the first local MFIs that extended loans to women entrepreneurs and plans to further develop dedicated loans for women as well as disadvantaged entrepreneurs.
A unique lending approach:
Imkon Finans is a financially sustainable organization with formal plans to extend its activities within the region and country, diversify its products and services, and digitize its operations to better respond to increased and diversified demand. By 2023, to ensure the financial resources necessary to achieve the development targets, Imkon initiated funding negotiations with other international financiers with socially driven goals, such as BOPA and MCE Social Capital.
Repayment Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Start Date On Kiva | Apr 4, 2024 | Oct 12, 2005 | |
---|---|---|---|
Total Loans | $280,075 | $2,046,857,240 | |
Amount of raised Inactive loans | $0 | $329,125 | |
Number of raised Inactive loans | 0 | 224 | |
Amount of Paying Back Loans | $250,850 | $154,628,025 | |
Number of Paying Back Loans | 163 | 186,271 | |
Amount of Ended Loans | $29,225 | $1,851,013,910 | |
Number of Ended Loans | 14 | 2,491,542 | |
Delinquency Rate | 0.74% | 12.11% | |
Amount in Arrears | $1,623 | $11,277,316 | |
Outstanding Portfolio | $137,302 | $93,149,537 | |
Number of Loans Delinquent | 13 | 54,545 | |
Default Rate | 0.00% | 1.82% | |
Amount of Ended Loans Defaulted | $0 | $33,742,451 | |
Number of Ended Loans Defaulted | 0 | 88,997 | |
Currency Exchange Loss Rate | 0.05% | 0.47% | |
Amount of Currency Exchange Loss | $282 | $12,725,634 | |
Refund Rate | 0.00% | 0.53% | |
Amount of Refunded Loans | $0 | $10,938,345 | |
Number of Refunded Loans | 0 | 9,670 |
Loan Characteristics On Kiva
This Lending Partner | All Kiva Partners | ||
Loans to Women Borrowers | 36.56% | 78.48% | |
---|---|---|---|
Average Loan Size | $1,582 | $393 | |
Average Individual Loan Size | $1,582 | $586 | |
Average Group Loan Size | $0 | $1,910 | |
Average number of borrowers per group | 0 | 8.3 | |
Average GDP per capita (PPP) in local country | $5,600 | $5,593 | |
Average Loan Size / GDP per capita (PPP) | 28.26% | 7.02% | |
Average Time to Fund a Loan | 4.38 days | 9.12 days | |
Average Dollars Raised Per Day Per Loan | $361.34 | $43.09 | |
Average Loan Term | 15.6 months | 11.5 months |
Journaling Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Total Journals | 0 | 1,221,186 | |
---|---|---|---|
Journaling Rate | 0.00% | 41.91% | |
Average Number of Comments Per Journal | 0.00 | 0.02 | |
Average Number of Recommendations Per Journal | 0.00 | 0.55 |
Borrowing Cost Comparison (based on 2009 data)
This Lending Partner | Median for MFI's in Country | All Kiva Partners | ||
Average Cost to Borrower | N/A | N/A | 26.44% PY | |
---|---|---|---|---|
Profitability (return on assets) | 7.09% | N/A | -1.28% | |
Average Loan Size (% of per capita income) | N/A | N/A | 0.00% |
Country Fast Facts
- Country:
- Uzbekistan
- Capital:
- Tashkent
- Official Language:
- Uzbek (official) 74.3%, Russian 14.2%, Tajik 4.4%, other 7.1%
- Population:
- 28,929,716
- Avg Annual Income:
- $5,600
- Labor Force:
- agriculture: 25.9%, industry: 13.2%, services: 60.9%
- Population Below Poverty Line:
- 16.00%
- Literacy Rate:
- 99.60%
- Infant Mortality Rate (per 1000):
- 19.84 deaths
- Life Expectancy:
- 67.98 years
Lending Partner Staff
Feruzbek AdahamjonovDavron Akbarov
Abduhalilov Golibjon
Iroda Isroilova