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The Company has passed through the assessment by the International Rating Company “Microfinanza”, 2008 The Company in 2008 undertook international assessment of its activity by the International Rating Company «Microfinanza». According to the Agency’s experts in 2008 the rating was significantly influenced by the country rating and global financial crisis. Therefore, the Company’s rating dropped from “А+” to “ВВВ”. At that, as before the Company’s strengths included procedures on internal control, efficient disbursement of loan within short terms, efficient cost management, positive financial results and developed training policy. The important criteria for the assessment was the fact that the Company was one of the leaders despite of high competition among micro-finance organizations, banks and credit unions offering loans with attractive interest rates. Financial Transparency Award, GGAP, 2006 Our Company is the only micro-credit organization in Kyrgyzstan, which has been acknowledged by CGAP the “Most Transparent Organization”. It is worth to note that the competition was among 231 micro-finance institutions from 62 countries of the world. Only 20 organizations were named “the best”. Independent, highly qualified experts and International Audit Firm Moore & Stephens analyzes all participants against 40 criteria, which among others included such criteria as compliance to international financial standards, recurrency, portfolio at risk and operational efficiency. Exemplary leadership in micro-finance industry, ACDI & VOCA, 2004 Award for exemplary leadership in rural and micro-finance industry in Kyrgyzstan, outstanding financial activity and distinguished work in rural microfinance. Micro-finance giant of Kyrgyzstan, Frontiers, 2008 The nomination was awarded to the Company by the Public Foundation “Frontiers” for the great contribution to the development of micro-finance sector in Kyrgyzstan.
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