First MicroFinance Bank-Tajikistan
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First MicroFinance Bank-Tajikistan
First MicroFinance Bank-Tajikistan (FMFB-T) is a commercial bank of the Aga Khan Development Network involved in microfinancing operations. The Bank was established in 2003, and has its head office at Dushanbe. The First MicroFinanceBank provides a comprehensive range of financial services to small and medium enterprises (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. See also * First MicroFinance Bank-Afghanistan * First MicroFinance Bank-Pakistan HBL Microfinance Bank Ltd, Pakistan (HBL MfB) is the largest microfinance bank of Pakistan, headquartered in the country’s capital, Islamabad. HBL MfB operates over 200 locations all over Pakistan. It is one of the oldest microfinance bank in ... References External links * Banks of Tajikistan Aga Khan Development Network Microfinance co ...
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Dushanbe
Dushanbe ( tg, Душанбе, ; ; russian: Душанбе) is the capital and largest city of Tajikistan. , Dushanbe had a population of 863,400 and that population was largely Tajik. Until 1929, the city was known in Russian as Dyushambe (russian: Дюшамбе, ''Dyushambe''), and from 1929 to 1961 as Stalinabad ( tg, Сталинобод, Stalinobod), after Joseph Stalin. Dushanbe is located in the Gissar Valley, bounded by the Gissar Range in the north and east and the Babatag, Aktau, Rangontau and Karatau mountains in the south, and has an elevation of 750–930 m. The city is divided into four districts, all named after historical figures: Ismail Samani, Avicenna, Ferdowsi, and Shah Mansur. In ancient times, what is now or is close to modern Dushanbe was settled by various empires and peoples, including Mousterian tool-users, various neolithic cultures, the Achaemenid Empire, Greco-Bactria, the Kushan Empire, and the Hephthalites. In the Middle Ages, more settl ...
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Tajikistan
Tajikistan (, ; tg, Тоҷикистон, Tojikiston; russian: Таджикистан, Tadzhikistan), officially the Republic of Tajikistan ( tg, Ҷумҳурии Тоҷикистон, Jumhurii Tojikiston), is a landlocked country in Central Asia. It has an area of and an estimated population of 9,749,625 people. Its capital and largest city is Dushanbe. It is bordered by Afghanistan to the south, Uzbekistan to the west, Kyrgyzstan to the north, and China to the east. It is separated narrowly from Pakistan by Afghanistan's Wakhan Corridor. The traditional homelands of the Tajiks include present-day Tajikistan as well as parts of Afghanistan and Uzbekistan. The territory that now constitutes Tajikistan was previously home to several ancient cultures, including the city of Sarazm of the Neolithic and the Bronze Age and was later home to kingdoms ruled by people of different faiths and cultures, including the Oxus civilization, Andronovo culture, Buddhism, Nestor ...
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Aga Khan Development Network
The Aga Khan Development Network (AKDN) is a network of private, non-denominational (de jure) development agencies founded by the Aga Khan that work primarily in the poorest parts of Asia and Africa. Aga Khan IV succeeded to the office of the 49th hereditary Imam as spiritual and administrative leader of the Shia faith-rooted Nizari Ismaili Muslim supranational union in 1957. Ismailis consist of an estimated 25–30 million adherents (about 20% of the world's Shia Muslim population). The network focuses on health, education, culture, rural development, institution building and the promotion of economic development. The AKDN aims to improve living conditions and opportunities for the poor, without regard to their faith, origin or gender. Its annual budget for not-for-profit activities is approximately US $ 950 million – mainly in Africa, Asia, and the Middle East. The AKDN works in 30 countries around the world, and it employs approx 96,000 paid staff, mostly in developing count ...
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Microfinancing
Microfinance is a category of financial services targeting individuals and small businesses who lack access to conventional banking and related services. Microfinance includes microcredit, the provision of small loans to poor clients; savings and checking accounts; microinsurance; and payment systems, among other services. Microfinance services are designed to reach excluded customers, usually poorer population segments, possibly socially marginalized, or geographically more isolated, and to help them become self-sufficient.Christen, Robert Peck Christen; Rosenberg, Richard; Jayadeva, Veena. ''Financial institutions with a double-bottom line: Implications for the future of microfinance''. CGAP, Occasional Papers series, July 2004, pp. 2–3. ID Ghana is an example of a microfinance institution. Microfinance initially had a limited definition: the provision of microloans to poor entrepreneurs and small businesses lacking access to credit. The two main mechanisms for the ...
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Small And Medium-sized Enterprises
Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel and revenue numbers fall below certain limits. The abbreviation "SME" is used by international organizations such as the World Bank, the European Union, the United Nations, and the World Trade Organization (WTO). In any given national economy, SMEs sometimes outnumber large companies by a wide margin and also employ many more people. For example, Australian SMEs makeup 98% of all Australian businesses, produce one-third of the total GDP (gross domestic product) and employ 4.7 million people. In Chile, in the commercial year 2014, 98.5% of the firms were classified as SMEs. In Tunisia, the self-employed workers alone account for about 28% of the total non-farm employment, and firms with fewer than 100 employees account for about 62% of total employment. The United States' SMEs generate half of all U.S. jobs, but only 40% of GDP. Developing countries tend to have a ...
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First MicroFinance Bank-Afghanistan
First MicroFinance Bank-Afghanistan (FMFB-A) is a banking and loan institution of Aga Khan Agency for Microfinance which provides micro loans to poor and vulnerable population, particularly women. The Bank was established in 2004. See also * First MicroFinance Bank-Tajikistan * First MicroFinance Bank-Pakistan References External links * Banks of Afghanistan Aga Khan Development Network Microfinance companies of Asia Microfinance banks Banks established in 2004 {{afghanistan-company-stub ...
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First MicroFinance Bank-Pakistan
HBL Microfinance Bank Ltd, Pakistan (HBL MfB) is the largest microfinance bank of Pakistan, headquartered in the country’s capital, Islamabad. HBL MfB operates over 200 locations all over Pakistan. It is one of the oldest microfinance bank in the country with its roots in the credit and saving section of the Agha Khan Rural Support Program (AKRSP). The Bank offers a suite of conventional and digital banking products for its customers. History HBL Microfinance Bank (HBL MfB), formerly The First MicroFinanceBank Ltd, Pakistan (FMFB-P), was established in 2002 as a nation-wide microfinance bank, licensed by the State Bank of Pakistan. HBL MfB was created through a structured transformation of the credit and savings section of the Aga Khan Rural Support Programme (AKRSP), an integrated development programme to pioneer the microfinance sector in the country since 1982 in Gilgit-Baltistan and Chitral Chitral ( khw, , lit=field, translit=ćhitrār; ur, , translit=ćitrāl) ...
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Banks Of Tajikistan
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ...
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Microfinance Companies Of Asia
Microfinance is a category of financial services targeting individuals and small businesses who lack access to conventional banking and related services. Microfinance includes microcredit, the provision of small loans to poor clients; savings and checking accounts; microinsurance; and payment systems, among other services. Microfinance services are designed to reach excluded customers, usually poorer population segments, possibly socially marginalized, or geographically more isolated, and to help them become self-sufficient.Christen, Robert Peck Christen; Rosenberg, Richard; Jayadeva, Veena. ''Financial institutions with a double-bottom line: Implications for the future of microfinance''. CGAP, Occasional Papers series, July 2004, pp. 2–3. ID Ghana is an example of a microfinance institution. Microfinance initially had a limited definition: the provision of microloans to poor entrepreneurs and small businesses lacking access to credit. The two main mechanisms for the ...
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Banks Established In 2003
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ...
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2003 Establishments In Tajikistan
3 (three) is a number, numeral and digit. It is the natural number following 2 and preceding 4, and is the smallest odd prime number and the only prime preceding a square number. It has religious or cultural significance in many societies. Evolution of the Arabic digit The use of three lines to denote the number 3 occurred in many writing systems, including some (like Roman and Chinese numerals) that are still in use. That was also the original representation of 3 in the Brahmic (Indian) numerical notation, its earliest forms aligned vertically. However, during the Gupta Empire the sign was modified by the addition of a curve on each line. The Nāgarī script rotated the lines clockwise, so they appeared horizontally, and ended each line with a short downward stroke on the right. In cursive script, the three strokes were eventually connected to form a glyph resembling a with an additional stroke at the bottom: ३. The Indian digits spread to the Caliphate in the 9th ce ...
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