BOPA (Base of Pyramid Asia) has concluded a 20% equity investment into MDO “MATIN”, which is a deposit taking MFI in Tajikistan. MDO “MATIN” started operations in 2009 and is currently serving around 13,000 clients.
Mr. Christian Andersen, CEO of BOPA, said: “MDO “MATIN” is a very well managed institution that has developed a diverse range of services to its clients. Even with the challenging operating environment in Tajikistan, MDO “MATIN” has kept a good quality of its loan book. We are furthermore impressed about the fact that the institution has funded more than 70% of its loan portfolio with deposits. Microfinance play a very significant role in the Financial Sector in Tajikistan and we look forward to making economic and social impact together with our partner MDO “MATIN”. Download the full press release here