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There was held the ceremony of signing bilateral Agreement between the Microfinance Fund "Refinancing Fund" and CJSC "Bank Arvand" on May 6, 2022, which cooperating for many years. The agreement was signed by the Chairman of the Fund Sharif Rahmonzoda and the Chairman of CJSC "Bank Arvand" Shoira Muzaffarovna Sodikova.
In order to support domestic financial institutions, expand the access of population to financial services and develop small businesses, the Fund opened a credit line to CJSC "Bank Arvand" for 3 years. The allocated funds will be used for crediting micro, small and medium-sized businesses, as well as for the development of the financial system in remote regions of the country, which will increase the access of population to relatively cheap credit resources. The agreement will allow CJSC "Bank Arvand" to stimulate the field by creating favorable and acceptable conditions for obtaining financial support, which will make a valuable contribution into the strategic development of entrepreneurship in the country.
MCF “Refinancing Fund” and CJSC “Bank Arvand” will take advantage of the favorable opportunity and strengthen their cooperation on the basis of mutually beneficial trust, which will undoubtedly have a positive impact on the development of entrepreneurship in the country.
It should be emphasized that during the signing of the Agreement, the Chairman of the Fund Sharif Rahmonzoda noted that the MCF "Refinancing Fund" is ready to establish mutually beneficial cooperation with other domestic financial institutions by providing them with long-term loans at affordable interest rates in the national currency, which will contribute to the development of the country's economy and achieve statutory goals of the Fund.
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