In line with its growth plan, The First MicroFinanceBank (FMFB) opened new two Banking Service Centers (BSCs) in Dushanbe city, at 91/1 N. Qaraboyev Street, Firdavsi District, and at 106 Roudaki Avenue, Ismoili Somoni District, bringing a total number of its business outlets across the country to 42.

According to press release issued by FMFB, the new BSCs are strategically located to provide easy access to FMFB’s wide and growing customer base in these areas.  They are equipped with state-of-the-art technologies, enabling them to provide efficient and effective services to the Bank’s customers.  The BSCs will offer customers access to all of the Bank’s competitive and innovative products and services. 

AKDN ResRep in Tajikistan Qozidavlat Qoimdodov and Dr. Andreas Schneider – Member of The Board of Directors cutting the ribbon at the Opening Ceremony with Mr. Yenten Lama – CEO, FMFB.

Resident Representative and Ambassador of Aga Khan Development Network (AKDN) in Tajikistan Mr. Qozidavlat Qoimdodov, Dr. Andreas Schneider – Director KfW Tajikistan and Member of the Board of Directors and Mr. Yenten Lama – Chief Executive Officer, FMFB inaugurated the BSCs 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 these BSCs in Dushanbe is a kind of a New Year gift to the people living in these districts.  Opening such BSCs will provide more access to finance to customers as well as employment opportunities to deserving and qualified people.  As the number of population of Tajikistan is increasing by 2% every year, such employments benefit many families” expressed Mr. Qoimdodov, AKDN Resident Representative in Tajikistan.

Dr. Andreas Schneider – Member of The Board of Directors, thanked the Bank for the good work it was doing and mentioned that KfW was pleased to be a part of this success story.  He said that KfW’s partnership with FMFB has been since the early days of the Bank and that KfW is pleased to support and be partners with FMFB. He articulated that FMFB’s contribution plays an important role in the development of the financial sector and benefits the overall economy and society. 

Mr. Yenten Lama – CEO, FMFB, thanked the NBT for facilitating the opening of new BSCs. He thanked his colleagues for the continued good performance of the Bank which enables the Bank to invest in further growth.  He has emphasized the need to continue working with integrity and asked his colleagues to keep the customer paramount in the work that they do.

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 affordable credit, improving savings products and providing efficient and cost-effective remittance services.  In addition to the Head Office in Dushanbe, the Bank has branches in Rasht valley – Gharm district, GBAO – Khorog city, Sughd province - Khujand city, Khatlon province – Bokhtar and Kulob cities, and two branches in Dushanbe city, which are supported by the network of 35 BSCs serving the semi-urban and rural areas of the country.

The First MicroFinanceBank has a committed and professional team of professionals working in various regions of Tajikistan. The shareholders of FMFB are The Aga Khan Fund for Economic Development, The Aga Khan Agency for Microfinance, KfW German Development Bank and The Aga Khan Foundation of Tajikistan.