6,9M€
Wallet
6 479
Number of beneficiaries
35 %
Women beneficiaries
85 %
Rural beneficiaries
Tajikistan
Financial services
Funding granted
Loan of €500,000*
(local currency equivalent)
Partner of the Foundation
since 2021
*Outstanding at grant value
Context :
Lack of employment is the main source of poverty and development problems in Tajikistan today. Therefore, Furuz's mission is to contribute to Tajikistan's long-term economic development by providing access to credit and ensuring its availability for businesses with profit and growth potential.
The company:
Furuz began its operations in 1999 as part of the microenterprise development program of the NGO Millennium Relief and Development Services. It began lending in 2006 when it received a lending license from the National Bank of Tajikistan. In 2021, Furuz became a microcredit deposit institution. Since then, in addition to lending, Furuz has also been able to collect deposits, make transfers, and exchange currency.
Impact :
Furuz provides high-quality and reliable financial services, particularly for small business development. Furuz serves clients in the Khatlon region and the capital Dushanbe.