In line with its expansion plan, The First MicroFinanceBank (FMFB) opened its new Banking Service Center (BSC) in Dushanbe city, at 34 Aynee Street, taking to 37 the total number of its Business outlets across the country. The new BSC is strategically located to provide easy access for FMFB’s wide and growing customer base in the area, and is outfitted with state-of-the-art technologies, enabling it to provide efficient and effective services to the Bank’s customers. The BSC in Dushanbe will offer customers access to all of the Bank’s competitive and innovative products and services. Through this BSC the customers will be able to get Express credits up to USD50k secured by gold collaterals within 30 minutes. The SME customers are supported with affordable loans up to TJS1,800k to grow their businesses.    

The Director of the Bank, Mr. Yodgor Faizov –Chief Executive Officer, AKF Tajikistan, and Mr. Yenten Lama –Chief Executive Officer, FMFB, inaugurated the BSC at a function attended by various dignitaries. The Head Office management staff and FMFB’s clients were also present at the opening ceremony. “The opening of this BSC in Dushanbe is in line with the decree signed by The Leader of Nation, President Emomali Rahmon on declaring 2018 as the Year for Tourism and Folk Crafts in Tajikistan. Therefore, this opening will enable the office to offer a comprehensive mix of innovative services and products for individuals and businesses alike” expressed Mr. Faizov, AKF Chief Executive Officer.    

Mr. Yenten Lama, Chief Executive Officer of FMFB, took the opportunity to thank all the Bank staff for a good performance in 2017 despite the challenges. He said that this new BSC was a reflection of the Bank’s confidence and  positive view of the future economic growth. He articulated the Bank’s plan for further expansion and reaffirmed the Bank’s commitment to introducing more relevant financial products to meet the needs of its customers.  

The First MicroFinanceBank provides a comprehensive range of financial services to SME and Microfinance customers to help the development of its customers and the economy – by increasing access to credit, improving savings products and providing efficient and cost-effective remittance services to all Tajiks. The Bank also provides the full spectrum of banking services to Corporate customers for cash and settlement, international transfers and foreign exchanges operations. For effective accounts control and management, the customers are provided with Internet banking, debit cards and payroll management programs. In addition to the Head Office in Dushanbe, the Bank has branches in Gharm, Khorog, Khujand, Kulyab, Kurgantube and two branches in Dushanbe city, which are supported by a network of 30 BSCs serving the semi-urban and rural areas of the country.

The First MicroFinanceBank has a committed and professional staff of more than 600 in Tajikistan. The shareholders of FMFB are The Aga Khan Agency for Microfinance, The Aga Khan Fund for Economic Development, KFW German Development Bank and The Aga Khan Foundation, Tajikistan.