The workshop NGOs and Transformation

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The workshop NGOs andTransformation
How does one structure an NGO-to-licensed
institution transformation in an unreformed
legal system?
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Info About FORA Fund

• 6 hubs and 27 satellites
• about 16 000 Active clients
• 16,6 mln. Loan portfolio
• 17 Return on portfolio
  13
• 160 Operational sustainability 135

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Reasons for Transformation into a Bank

• Expansion of financial services to entrepreneurs
  due to market civilization
• Expansion of access to finance services,
  including funds of international finance
  institutions, which finance credit organizations
• More stable legal environment

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Main Stages of the Funds Transformation into a
Bank

• Selection of variant of transformation
  (registration of a new credit organization,
  purchase of existing credit organization)
• Learning requirements to the Founder of a Bank
  under registration (and in future to buyers of
  Banks shares)
• Formation of registered capital of a Bank

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Main Stages of the Funds Transformation into a
Bank

• Transfer of assets (loan portfolio, fixed assets)
• Preparation to the Banks activity before the
  Banks registration (acquisition of Automated
  Banking System, new equipment)
• Availability of bank premises before the Banks
  registration

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Approaches of Development of Transformation
Stages

• Learning of legislation base, including banking
  legislation
• Getting a response from Central Bank on issues
  that are not regulated by banking legislation
• Selection of acceptable variant to the Fund and
  appropriate to legislation