MFI ReportSocial Performance Profile
Partnerships
| Name | Relationship |
|---|---|
| AKAM | Network Affiliation |
| AMFOT | Network Affiliation |
| Oikocredit | Funding |
-
25.4 million12,5972,015.423.4 million44.0 million7,854
Mission:
FMFB’s primary objectives are to reduce poverty, diminish the vulnerability of poor populations and alleviate economic and social exclusion. It aims to help people become self-reliant and eventually gain the skills needed to graduate into the mainstream financial markets.
The Bank’s ... Read more
The Bank’s ... Read more
FMFB’s primary objectives are to reduce poverty, diminish the vulnerability of poor populations and alleviate economic and social exclusion. It aims to help people become self-reliant and eventually gain the skills needed to graduate into the mainstream financial markets.
The Bank’s underlying principles are:
1) Long term sustainability – defined as full coverage of costs through revenues and the generation of a modest surplus to finance expansion,
2) Broad outreach with national coverage and supply of services to a range of economic sectors,
3) Maximum impact on the economic livelihoods of the target clientele.
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The Bank’s underlying principles are:
1) Long term sustainability – defined as full coverage of costs through revenues and the generation of a modest surplus to finance expansion,
2) Broad outreach with national coverage and supply of services to a range of economic sectors,
3) Maximum impact on the economic livelihoods of the target clientele.
Hide
Background and Main Challenges:
"FMFB Tajikistan was founded in August 2003, when it was officially registered with the Ministry of Justice of the Republic of Tajikistan. The Bank was issued a banking license in September of the same year, and in February 2004, the Bank was officially established. Operations commenced on July ... Read more
"FMFB Tajikistan was founded in August 2003, when it was officially registered with the Ministry of Justice of the Republic of Tajikistan. The Bank was issued a banking license in September of the same year, and in February 2004, the Bank was officially established. Operations commenced on July 1, 2004. Prior to this, all AKDN microfinance activities in the country were conducted via the ESF (under the auspices of AKFED), or via MSDSP. In the summer of 2007, the Bank acquired MSDSP’s loan portfolio in Khatlon, which was a significant event, because it meant that all AKDN microfinance activities were now managed by the Bank.
FMFB is currently the only specialised micro-finance bank in the country. The Bank’s mandate is to provide a comprehensive range of financial services primarily to the poor, throughout the entire country. In addition to the Head Office in Dushanbe, the Bank also has branches in Khorog, Gharm, Khujand and Kulyab. The branches are supported by a far-reaching network of 33 district offices serving semi-urban and rural areas. The past five years have seen growth and expansion of the Bank, but in 2009 the weakening global macroeconomic climate and specifically the reduction in local economic activity precipitated by the decline in the value of inward remittances from Tajiks abroad had a significant and negative impact on the Bank’s business. The Bank continues to focus on lending and other areas of the business, such as deposit taking, in order to maintain its current levels of growth and to achieve its social objectives of assisting the poor
" Hide
Address:
105 Rudaki Avenue
Dushanbe
RRS
734 003
Tajikistan
Phone:
(+992) 372 2249311
Fax:
(+992) 372 2510227
Email:
mayram [dot] jonboboeva [at] fmfb [dot] com [dot] tj
Website:
Main Funding Sources:
Loans
Savings
Shareholder Capital
Products and Services:
Loans
Voluntary Savings
Funds Transfer Services
Training and Consulting
Products:
• Loans (Individual and Group Loans)
• Savings and Deposits
• Fund Transfer Services
• Savings and Deposits
• Fund Transfer Services
Services Provided:
Full-scale Financial Services
Second-tier Lending to MFIs
Other
Looking for (Investment Types):
Loans in Local Currency
Loans in USD
Capacity-Building Grants
Donations
Equity investments
% Operations Comprised by MF:
91 - 100
Date established:
Aug 7 2003
FYE:
31-Dec
Current Legal Status:
Bank
Regulated:
yes
Partnerships
| Name | Relationship |
|---|---|
| AKAM | Network Affiliation |
| AMFOT | Network Affiliation |
| Oikocredit | Funding |
At a glance
- Assets
- Gross Loan Portfolio
- Equity
Contacts
-
Jeffrey Brumpton Mundybrampton [dot] mundy [at] fmfb [dot] com [dot] tj(+992)372 2289314
-
Shahbozova AmniyaSocial Monitoring and Product Development specialistshahbozova [at] fmfb [dot] com [dot] tj(+992) 372 2249311
