Question 1

What is MDO Payvand Guruh?

Accepted Answer

MDO Payvand Guruh is a microcredit-deposit organization (MDO) operating in Tajikistan. As a regulated financial institution, it provides microfinance services to individuals and small businesses across the country. MDO Payvand Guruh is registered with the National Bank of Tajikistan under registration number 062 and is a member of the Deposit and Saving Insurance Fund of Tajikistan, which provides deposit protection to its customers.

The institution operates as a Closed Joint Stock Company (CJS) and is part of Tajikistan's growing microfinance sector, which has expanded significantly since the country's first microfinance law was enacted in 2004.

Question 2

When was MDO Payvand Guruh founded?

Accepted Answer

[Information not publicly available]. While the specific founding date is not documented in public sources, MDO Payvand Guruh received its registration number (062) from the National Bank of Tajikistan as part of the regulatory framework established following Tajikistan's 2004 microfinance law.

This law created three types of microfinance institutions, with MDOs being licensed to both provide loans and accept deposits from the public.

Question 3

Where is MDO Payvand Guruh headquartered?

Accepted Answer

MDO Payvand Guruh is headquartered in Dushanbe, the capital city of Tajikistan. The institution's main office is located in the Sino District at Dehi Bolo Street 180.

According to the National Bank of Tajikistan, the current director is Bedil Muzaffari, with Yahyaeva Zukhro Mirniyazovna serving as Chief Accountant.

Question 4

Where does MDO Payvand Guruh operate?

Accepted Answer

MDO Payvand Guruh operates primarily in Dushanbe and surrounding areas within Tajikistan. The institution maintains multiple branches and service points throughout the capital city, with locations in the Ismoili Somoni district and other parts of Dushanbe.

Like many MDOs in Tajikistan, Payvand Guruh focuses on serving urban and peri-urban communities, providing financial access to populations that may have limited connections to traditional banking services.

Question 5

What services does MDO Payvand Guruh offer?

Accepted Answer

As a licensed microcredit-deposit organization, MDO Payvand Guruh offers a range of financial services including:

Microloans: Small-scale credit products designed for individuals, entrepreneurs, and micro-businesses. These loans typically support income-generating activities, business expansion, and working capital needs.

Deposit Services: Time deposits and savings accounts in local currency (Tajik Somoni) and foreign currencies (USD, EUR, RUR). Deposit terms generally range from 1 to 36 months with varying minimum balance requirements.

Payment Services: The institution operates payment terminals and provides money transfer services to facilitate financial transactions for customers.

All deposits at MDO Payvand Guruh are protected under the Deposit and Saving Insurance Fund of Tajikistan, providing additional security for savers.

Question 6

What makes MDO Payvand Guruh unique?

Accepted Answer

MDO Payvand Guruh distinguishes itself through its dual licensing as both a credit and deposit-taking institution, which is a significant distinction in Tajikistan's microfinance sector. While many microfinance institutions can only provide loans, MDOs have the legal authority to mobilize savings from the public.

The institution's membership in the Deposit and Saving Insurance Fund provides customers with deposit protection, enhancing trust and financial security. This is particularly important in Tajikistan, where many citizens lost their savings during the banking crisis of the 1990s.

MDO Payvand Guruh serves a specific market niche between traditional banks and smaller microloan organizations, offering accessible financial services with customer service standards that are often praised in the MDO sector.

Question 7

What type of financial institution is MDO Payvand Guruh?

Accepted Answer

MDO Payvand Guruh is a Microcredit-Deposit Organization (MDO), a specific type of financial institution recognized under Tajikistan's regulatory framework. MDOs represent a middle tier in Tajikistan's financial system, positioned between full-service banks and smaller microloan organizations (MLOs).

Unlike MLOs which can only provide credit, MDOs are licensed by the National Bank of Tajikistan to both extend microloans and accept deposits from individuals and businesses. This dual functionality allows MDOs to mobilize local savings while providing credit to underserved market segments.

MDOs must meet specific capital requirements and regulatory standards set by the National Bank of Tajikistan, and they are subject to ongoing supervision to ensure financial stability and consumer protection.

MDO Payvand Guruh

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About MDO Payvand Guruh in Tajikistan