Frontiers Wholesale Micro Lending Company, LLC

1. Frontiers Wholesale Micro Lending Company, LLC

2. General Information • Established in 2003 • Lending since Q3 - 2004 • Lend in Kyrgyzstan, Kazakhstan, and Tajikistan • Based in Bishkek, KG

3. Markets Served • Small, Medium, and Large NBFIs; • Limited or No Donor Involvement; • Difficult to Attract Traditional Sources of Financing.

4. Investments By Country May 22, 2006 Kyrgyzstan - $ 1,500,000 Tajikistan - $ 1,200,000 Kazakhstan - $ 620,000

5. Main Criteria • Official registration as NBFI or Credit Union in Central Bank and MoJ; • The NBFI must be running its operations independently from any local Government entity or structure; • A Board of Directors (or the equivalent) must be in-place and hold regular meetings according to the NBFIs Charter; • Min 6 months of lending experience; • Be Operationally Self Sufficient; • PAR (30 days) < 5%; • A forward-looking business plan.

6. Terms and Conditions • Term: up to 24 months; • Size $5,000 – $500,000; • Payment of Interests: Monthly or Quarterly; • Repayment of Principal: Flexible; • Collateral: Loan Portfolio, Guarantees, Real Estate, etc.; • Currency: KGS in Kyrgyzstan, USD in other countries; • Commission fee: 1% of loan amount; • Time of consideration: <30days; • Parallelloans.

7. Challenges of a Pioneer • Complexities of Cross-border Lending • Experience Level of Frontiers & Its’ Clients • Providing Loans in Local Currencies • Challenges Particular to: • Uzbekistan – MFI Law & Currency Exchange • Kazakhstan – Geography & Govm’t Involvement • Tajikistan – Implementation of New MFI Law

8. The Next Five Years • By 2010 – 80 Active Clients and LP of $ 15-20M; • Enhance Technical Assistance to Clients; • Support MFI Associations; • Develop a Physical Presence in Each Country.

9. THANK YOU!