Microcredit and Deposit Organization (MDO) Humo is proud to announce that it has received a banking license from the National Bank of Tajikistan and has officially transformed into Humo Bank.
The story of Humo began 20 years ago with the founding of the Microloan Fund Humo by CARE International in Tajikistan. At the start, the organization had a team of just 15 people, and its loan portfolio amounted to 225,000 somonis. Over two decades, the organization has undergone a remarkable transformation, evolving twice to become one of the leading microfinance institutions in the country, offering a wide range of financial services to the population.
An important milestone in the development of the organization was its acquisition by the Japanese holding group Gojo & Company, Inc. in September 2021, making it the main shareholder. This partnership not only brought in significant investments but also introduced best international practices in management, social responsibility, and sustainable growth.
By the time it received its banking license, Humo Bank had achieved the following:
- Serves over 350,000 clients across Tajikistan.
- Has more than 120,000 active borrowers.
- Manages a loan portfolio of over 1.8 billion somonis.
- Holds a deposit portfolio of more than 670 million somonis.
- Employs around 2,000 people throughout the country.
“Receiving the banking license is a confirmation of the maturity, transparency, and stability of our organization. This step opens up new horizons for growth and development and places even greater responsibility on us,” said Firdavs Mayunusov, Chairman of the Bank. “I would especially like to acknowledge the exceptional contribution of the organization’s first leader, Mavsuda Vaissova. Her foresight, determination, and wise leadership laid the foundation for Humo’s sustainable and successful growth.”
Humo Bank will continue its operations with a focus on financial accessibility, supporting small and medium-sized businesses, and driving the digital transformation of financial services in Tajikistan, leveraging both its expertise and the international experience of its Japanese partner Gojo & Company, Inc.
Humo is one of the leading financial organizations in Tajikistan and ranks among the top five largest institutions in the country. The organization’s primary shareholder is the international investment holding company Gojo & Company from Japan, which shares a commitment to sustainable growth and financial inclusion.
