BFC assessed MCF Mikra’s financial needs and provided recommendations for further development.
The objective of the due diligence was to gain a thorough understanding of the business situation at First Microfinance Bank (FMFB) by evaluating its potential profitability.
BFC’s due diligence covered the following areas:
- update on the macroeconomic environment focused on the risk of over indebtedness
- full due diligence of a Bank’s operations, financial strength, and risk exposure
BFC was contracted by EBRD to implement and develop strong SME lending skills at five partner banks (Agroinvestbank, TojikSodirotBank, TajPromBank, Bank Eskhata and Kazkommertsbank-Tajikistan), enabling them to finance SME clients in a sustainable manner.
Since August 2009, BFC has been conducting due diligence studies for ADB’s Trade Finance Facilitation Programme. The assignment currently involves the services of 10 financial experts of BFC’s due diligence team.