Credit Appraisal for Non-Banking Financial Organizations in Tajikistan
In Tajikistan six Non-Banking Financial Organizations have been organized and established on a pilot basis in six regions covered by the project. These six NBFOs have already commenced their lending activities from August 2004 and by now they have disbursed to 212 borrowers sum of 21,66,900 TJS [USD 7,22,300] accounting for 66.8 % of the lendable resources of 32,40,000 TJS [USD 10,80,000]. While a manual for loan policy and procedure is a must for putting in place efficient credit delivery system, this manual is drafted to provide clarity as well as serve as a desk reference book for its users. The manual provide clarity in respect of role, functions & responsibility of elected as well as executive bodies are well defined. Besides, additional areas very pertinent & relevant to credit delivery system are covered in required details. These areas refer to formulation of annual business development plan, annual profit planning exercise, loan recovery management, three monthly returns for reviewing physical progress, income & expenses and recovery performance, and overdue status on a monthly basis by the Board of Directors as a part of their concern to improve the functioning of NBFOs.
