The First MicroFinanceBank’s Shareholders are key partners in supporting the Bank’s growth. In addition to direct equity, many shareholders also offer bank loans and grants for technical assistance and capacity building.
Our current shareholders are as follows:
The Aga Khan Fund for Economic Development is one of the agencies of the Aga Khan Development Network (AKDN) and is dedicated to promoting entrepreneurship and to building economically sound enterprises in the developing world. AKFED focuses on supporting enterprises in parts of the world that lack sufficient foreign direct investment. It operates a network of affiliates with more than 90 project companies in 17 countries. It employs over 48,000 people, with revenues of US$ 3.5 billion in 2014.
Shareholder Since: 2015
Since its establishment in 2005, The Aga Khan Agency for Microfinance (AKAM) has brought together over 25 years of microfinance activities, programmes and banks that were administered by sister agencies within the Aga Khan Development Network, facilitating investment of more than $2 billion directly into more than 2 million small businesses, low-income households and under-served communities in a dozen countries. The underlying objectives of AKAM are to reduce poverty, diminish the vulnerability of poor populations and alleviate economic and social exclusion. AKAM is a not-for-profit, non-denominational, international development agency created under Swiss law.
Shareholder Since: 2007
Established in 1948 in Germany, KfW promotes on behalf of the German Government the improvement of social-economic conditions of people in developing countries. The aim of KfW consists of the creation and expansion of the social-economic infrastructure in the respective country, the development of reliable financial systems, and conservation of resources and protection of the environment. KfW is a leader in supporting sustainable microfinance aiming at earmarked groups of financial institutions worldwide. KfW is one of the largest banks in Germany and was awarded an AAA rating by Moody’s, Standard & Poor and Fitch Ratings.
Shareholder Since: 2004
The Aga Khan Foundation was established in 1967 in Geneva, Switzerland. AKF is a non-denominational, international development agency with branches, affiliates and representative offices in 20 countries. In Tajikistan, AKF has been active since 1993 when a response was mounted in Gorno-Badakshan to address food shortages caused by the collapse of the Soviet Union. In parallel with this emergency programme, AKF initiated a rural development programme with the aim of contributing to poverty alleviation in the programme areas. Programmes for reform in the social sector (Health and Education) were introduced in 1994.
Shareholder Since: 2003