DUSHANBE, January 16, 2009, Asia-Plus — The First MicroFinanceBank-Tajikistan (FMFB-Tajikistan), which is one institutions of the Aga Khan Agency for Microfinance, was ranked among the top-100 microfinance institutions (MFIs) by the Microfinance Information Exchange, Inc. (MIX), the microfinance industry’s leading source of information.
FMFB-Tajikistan was ranked 92
nd
, improving 135 points compared to 2007. FMFB-Tajikistan was ranked 227th in the2007 MIX Global 100 Composite Rankings.
MIX uses a methodology based on profitability, outreach, efficiency and transparency to present a picture of well rounded MFI performance.
The MIX 2008 Global 100 Composite Ranking presents 100 leading microfinance institutions, out of a sample of 652 that are profitable and top performers for the balance of results achieved among three key attributes: outreach, efficiency, and transparency. When each of these areas is viewed as a goal of microfinance, this ranking measures the balance achieved by an individual MFI, relative to the other MFIs considered for the ranking.
Established in 2003, The First MicroFinanceBank-Tajikistan was the first commercial bank in Tajikistan with a principal focus on the provision of microcredit lending. The Bank has a national mandate to provide a comprehensive range of financial services to the poor throughout the country. In addition to its head office in Dushanbe, the bank currently has four regional branches in Khorog, Gharm, Khujand and Kulob and 32 district offices in rural areas. The Board includes representatives of its Shareholders – The Aga Khan Agency for Microfinance, the Aga Khan Foundation Tajikistan, the International Finance Cooperation (IFC) and the Kreditanstalt fuer Wiederaufbau (KfW).
