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: <30 days; Parallel loans.

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!