FINCA helps Tajiks living in poverty access financial services to improve the quality of life for themselves and their families.
$16.3M LOAN PORTFOLIO
$934 AVERAGE LOAN
37.3% WOMEN BORROWERS
2003 YEAR FOUNDED
Higmatulo appreciates the support he receives from FINCA, and plans on borrowing more in the future. “I am very proud that we don’t have to rely on the income from my son who works in Russia as our only income. With the help of FINCA loans, I’m able to provide all that my family needs.”
Individual Loans, Small and Medium Enterprise Loans, Rural and Agriculture, Savings, Remittances and Money Transfers
Tajikistan is one of the poorest countries in Eurasia with almost half of the population living below the national poverty line. Tajikistan’s turbulent transition after its independence and recurring natural disasters have contributed to widespread poverty, particularly among rural people. Access to clean and drinkable water is a challenge for many in the country. Farmers end up depending on polluted irrigation water, leading to a high incidence of waterborne diseases.
Lack of employment opportunities have forced more than one million Tajik citizens to migrate abroad to find work. Most of these individuals work in Russia, supporting families through remittances.
When poor people have access to financial services, they can earn more, build their assets, create jobs, and cushion themselves against external shocks. Since 2003, FINCA International has been helping thousands of Tajiks improve their lives. FINCA offers financial services, such as loans, savings and money transfers throughout the country.
31.3% LIVING BELOW POVERTY LEVEL 2
$3,202 ANNUAL PER CAPITA INCOME 3
53% FINANCIALLY EXCLUDED 4
34, Foteh Niyozi Street
+992 37 2214476
1Information is updated on an annual basis
2Poverty headcount ratio at national poverty lines (% of population)
3GDP per capita, PPP (current international $)
4Adult population lacking account at a formal financial institution