OXUS Development Network

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OXUS Development Network is a 100% Agency for Technical Cooperation and Development (ACTED) subsidiary.

OXUS offers loans to individuals. It concerns the most performing clients of the credit groups and also the clients from more urban areas, for example clients in the city bazaars.

1 Activities
2 History
3 OCTOPUS
4 Contacts
5 External links

[edit] Activities

Six women group benefiting from a collective loan in Osh province, Kyrgyztan

OXUS is committed to :

Targeting rural households with no other options for access to credit or deposit facilities, thereby easing their extremely limited liquidity .

Supporting and helping create self-managed groups of vulnerable families, which operate on the basis of collective responsibility.

Creating a basis for the setting up of small businesses by providing micro-finance and capacity building support and thereby addresses the high level of rural unemployment.

Encouraging democratic leadership in groups by providing training for group members and leaders.

Encouraging client entrepreneurialism and thereby contributing to the individual empowerment of clients, particularly women.

Achieving and insuring financial sustainability and growth of the MFP.

It currently manages 3 subsidiaries :

OXUS Tajikistan in Central Asia
OXUS Kyrgyzstan in Central Asia
OXUS Afghanistan in Central/South Asia.

These three subsidiaries are divided in branches, subdivided in districts, that determine the different geographical areas of intervention of OXUS.

Depending on the branch characteristics (rural, urban,poverty), quantitative objectives are set by the Technical advisers and precisely followed up by the Board of Directors.

[edit] History

OXUS is founded in 21st June 2005 in France. It has initially inherited ACTED Microfinance programmes (Tajikistan & Kyrgyzstan).

OXUS Afghanistan really began its activity in early 2006. The results have been amazing since the loan portfolio raised from 20,000 to 160,000 USD between March and May 2006. The new team creates many new credit groups and now relies on about 1900 beneficiaries at the end of June 2006.

[edit] OCTOPUS

In 2006 OXUS launched, in collaboration with its partner OCTO Technology, an exclusive Loan Tracking Software, for its Microfinance Institutions: OCTOPUS. OCTO Technology is in charge of the design and the follow up. OCTOPUS allows to record all the loans disbursement and reimbursement operations. It facilitates the reporting and thus the tracking of the ODN activities.

OCTOPUS is an Open Source Software released under LGPL licence.