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On May 4, 2021, the Microcredit Fund “Refinancing Fund” signed a loan agreement with the CJSC “International Bank of Tajikistan” in order to support the expansion access of the economically active population to financial resources, develop entrepreneurship and provide micro and medium loans to rural areas of the country.
The allocated funds of the Microcredit Fund "Refinancing Fund" are aimed to fulfill the instructions of the Founder of Peace and National Unity, Leader of the Nation, President of the Republic of Tajikistan Emomali Rahmon and to achieve the main strategic goals of the Fund, to provide financial services in national currency (somoni) to credit institutions, promoting the development of entrepreneurship and strengthening the financial system in rural areas, as well as for reducing poverty, increasing employment, including crediting to micro, small and medium-sized entrepreneurs in various sectors of the economy.
It should be noted that within the bilateral cooperation framework between the MCF "Refinancing Fund" and CJSC "International Bank of Tajikistan" loans are provided at a rate of 8% per annum, which creates a favorable basis for credit institutions to provide loans at low interest rates to the final borrower in accordance with a reasonable banking practice.
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