2. FORA is the largest non-bank microfinance organization in Russia 10 788 clients In 13 subjects of Russian Federation 120 loan disbursed daily Each loan creates or supports 2 jobs 70% clients are women Loan portfolio of 205 million rbls (US$6.6 million) Portfolio quality: –Portfolio At Risk more than 1 day - 1,13% –Write offs - 0,75% Return On Assets – 4,31%

3. History Has been founded in July 2000 By consolidation of 4 Russian microfinance organizations The founders are Opportunity International partners in Australia, Canada, Germany, Russia, the UK and the USA Funded by the governments of UK, US, UNHCR and some private foundations

4. Offices in 23 cities and towns

5. Our clients Private entrepreneurs and legal entities With business experiences exceeding 3 months Requiring micro loans for working capital and fixed assets purchase With no past due tax payments Average loan size: - first loan – 22 000 rbls. (US$700) - subsequent loan – 28 000 rbls. (US$900)

6. 1 to 18 months loan term 3 – 5% monthly interest rate First loan up to 50 000 rbls (US$1,600), subsequent loans up to 100 000 rbls (US$3,200) Loan disbursal within 1 to 5 days No business plan 80% clients choose group loans Micro loans

7. Foundation of our success Competent personnel Internal policies and prodecures Focus on micro enterprise development Lending technology Image & reputation Combination of international best practice and local market knowledge Strong corporate culture

8. Impact on the lives of clients 2/3 of clients and only 1/3 of non-clients increase entrepreneurial income. Clients commented the access to loans to be the core reason for income increase. Over 3/4 of clients plan their business activity, while prior to becoming FORA clients only 1/2 of them did so.

9. Microfinance perspectives in Russia Entrepreneurship is the way of increasing the well-being of Russian people. There are approximately 5 million entrepreneurs in Russia. 70% of entrepreneurs indicate the need for lending resources for their business development. Non-bank microfinance supports business growth and the development of finance sector, meeting the need in a spectrum of financial services.