First Microfinance Bank
First Microfinance Bank (FMFB) in Tajikistan is a very socially-driven bank. No other bank or microfinance institution is as active in the eastern, mountainous part of the country as FMFB. Although only 3% of the population of Tajikistan lives in the eastern part, they account for 20% of the loan portfolio of FMFB. Triodos Microfinance Fund has provided a loan to FMFB to realise further growth of its loan portfolio.
KEY INDICATORS as of 31 December 2014:
- number of loan clients: 20,236
- percentage female clients: 33%
- percentage rural clients: 45%
- average loan amount: EUR 2,271
- number of savings clients: 43,777
Whoever you are, and wherever you live in the world, you are likely to want permanent access to financial services. Microfinance banks play a crucial role providing access to finance to an increasing number of people living on low-incomes. We finance microfinance institutions because they help to build inclusive financial sectors, where the majority of people have access to financial services, leading to a sustainable basis for balanced social and economic development.