Tajikistan-based First Microfinance Bank has joined the global network of ethics-driven banks. Its primary goal is to improve the quality of life of Tajiki people and to contribute to the overall development of the country.
Operating under the strictest principles of ethics, the bank strives to become the most trusted bank in the region, while providing high-quality banking services to its customers.
The financial institution is also known for its green practices, financing only environment-friendly projects.
Considering the gender-equality situation in Central Asia, the bank has launched an initiative aimed at empowering women, by giving loans to women entrepreneurs. About 35% of its clients are women.
Moreover, the bank nurtures a variety of socially responsible practices including special remittance-linked savings accounts for Tajik migrants working abroad and for their families in Tajikistan to encourage a savings culture.
Other services include capital loans, agriculture loans, consumption loans of up to USD 10,000 equivalent to individuals and high denomination loans of up to USD 200,000 with competitive interest rates.
The organization maintains the highest standards of transparency in its assessment, disbursement processes and bears in mind the principles of client protection in conducting its operations.
Read more at Global Alliance for Banking on Values.