For clients
We are pleased to announce that
The National Bank of the Kyrgyz Republic, together with the International Labor Organization/International Training Center in Turin (Italy), in collaboration with the Alliance of Trainers and Consultants (ATiC), launched the first online course on financial literacy in the KYRGYZ language.
The online course is intended for a wide range of users interested in gaining new knowledge on financial literacy, and will allow everyone, regardless of location and time, to get unlimited free access to educational materials.
Particular emphasis is placed on the involvement of all family members in the process of planning and managing family finances. Participants who successfully complete the full course will receive an electronic certificate.
You can access the online course via this link
The online financial literacy training course was developed as part of the joint project “Empowering women and girls vulnerable to migration for inclusive and peaceful development of communities” and is being implemented by the International Labor Organization (ILO), the International Organization for Migration (IOM) and the UN -Women with financial support from the UN Peacebuilding Fund.
The course consists of 4 modules and 15 training sessions for self-study, developed and adapted taking into account the regional characteristics of our country, covers current issues, and fills the gaps in financial literacy of the population.
CJSC Microfinance Company OХUS pays special attention to social impact both in relation to its clients and employees. OХUS is guided by the principles of transparency and accountability and is committed to providing financial services to low-income populations who do not have access to the formal banking sector in the form of an account or credit. OXUS strives to build a team of recognized professionals, create and provide the most effective microfinance services and ensure the sustainability of providing funds to its clients that they will use to improve their well-being.
In 2018, the rating agency MicroFinanza Rating conducted a social audit of the activities of the Microcredit Company OXUS, which affected the following areas:
Based on the results of the audit, it was revealed that OXUS has proper social impact management and an adequate client protection system, for which it received a Social Rating - sBB.
In 2019, the Company independently conducted a social audit using the SPI4 tool, which identified areas for improving the company’s management system and methods through the Universal Standards for Social Impact Management. This is a comprehensive best practice guide developed by experts for the microfinance sector as a resource to help organizations achieve their broad goals of increasing financial inclusion and creating value for clients, which starts with reducing their vulnerability.
OXUS builds its activities on the basis of transparency, honesty, as well as caring and fair treatment of clients, adhering to the principles of client protection “Smart Campaign”. The Smart Campaign is a global effort to unite microfinance leaders around a common goal: ensuring the safety of microfinance clients as the main driver of the industry's growth.
OXUS is introducing the concept of “Intelligent microfinance”, which includes the following principles of client protection:
One of the Company's social goals is to improve the sustainable livelihoods of our clients. In pursuit of its social goals, OXUS tries to contribute to increasing the level of financial literacy of the population of the Kyrgyz Republic.
Improving financial literacy is a national goal that must be achieved together.
By Decree of the Government of the Kyrgyz Republic dated June 15, 2016 No. 319, the State Program for Improving Financial Literacy of the Population for 2016-2020 was approved (see http://finsabat.kg/projects/3). The coordinator of the implementation of the Program is the National Bank of the Kyrgyz Republic.
As part of this Program, since July 2019, the Association of Microfinance Institutions (AMFI), together with the German Society for International Cooperation (GIZ), launched a project aimed at training trainers and conducting large-scale training for the population on financial literacy. It is expected that as a result of the training, financial literacy and the efficiency of using personal finances of citizens of the Kyrgyz Republic, in particular the younger generation, will increase.
As part of this project, OXUS conducted a number of trainings for our clients and not only to improve the level of financial literacy. The following topics were covered at this training:
Upon completion of the training, students acquired basic financial literacy competencies and received supporting certificates.
The key element of the stability of OXUS is the continuous development of our staff, and we strive to provide our employees with opportunities to realize their full potential.
As a responsible company, we take care of our employees, guided by the principles of respect and fairness. We strive to provide a work environment that attracts, retains, develops and motivates the best people who can support and achieve personal success.
One of the internal tasks of the company is insurance of our employees. Our company's employees are insured against accidents under compulsory insurance, as well as against industrial injuries in the workplace. The Company's management decided to expand insurance to cover non-working hours. Therefore, in January, all employees and drivers of OXUS were insured against accidents for 24 hours, 7 days a week. This is a type of special voluntary insurance.
We understand that our results depend on our employees, their professional qualities and dedication.
