A year ago, the European Bank for Reconstruction and Development (EBRD) rolled out Climadapt programme in Tajikistan. Since then, four local financial institutions have joined the programme, and US$ 5 million – half of the allocated funding – has been disbursed to support climate resilience technologies in Tajikistan. Loans to firms and households are provided in the local currency, somoni, protecting borrowers from foreign exchange risk.
MDO Arvand is the third-largest deposit-taking microfinance institution in Tajikistan, with branches mainly in the north. In July 2017 it joined the Climadapt program and became fourth Tajik financial institution to provide finance for climate resilience technologies to help businesses and households adapt to climate change.
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