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2023-12-13 16:09:47


Financing of Gorno-Badakhshan Autonomous Region

Microcredit Fund “Refinancing Fund”, in order to implement the instructions of the Founder of Peace and National Unity - Leader of the Nation, President of the Republic of Tajikistan, his excellency  Emomali Rahmon, in the direction of promoting the development of entrepreneurial activity, reducing interest rates on loans and increasing public confidence in the banking system, is expanding the scope of its activities laid the foundation in financing in the Gorno-Badakhshan Autonomous Region.

To further enhance access to financial services for the economically active population in the Gorno-Badakhshan Autonomous Region and bolster entrepreneurial activity while ensuring the sustainability of the microcredit sector, a ceremony was conducted on December 13, 2023, to formalize a loan agreement between the MCF "Refinancing Fund" and the MCF "Madina."

During the agreement signing, Mr. Rakhmonzoda Sharif, Chairman of the Management Board of the MCF “Refinancing Fund”, highlighted that this move establishes the groundwork for providing preferential loans within the the Gorno-Badakhshan Autonomous Region. The Fund is poised to broaden its collaboration, amplifying financing within this region. It aims to forge mutually advantageous partnerships with other local credit institutions, extending long-term loans at favorable interest rates in the national currency. This initiative aims to support the realization of their prospective endeavors.

This initiative contributes to the development of the country's economy and the achievement of the statutory goals of the Fund.

2023-12-07 10:32:33



On December 7-8, 2023, a Financial Forum was held at the Hyatt Regency hotel, organized by the Association of Microfinance Organizations of Tajikistan on the topic “Regional cooperation as a key factor in strengthening financial infrastructure and expanding access to capital markets.”

Representatives of the Government of the Republic of Tajikistan, the Ministry of Finance of the Republic of Tajikistan, the Ministry of Economic Development and Trade of the Republic of Tajikistan, the National Bank of Tajikistan, International financial organizations, heads of financial institutions and insurance companies took part in this Forum.

The main topics discussed at the Forum were: regional cooperation, digitalization and the use of new financial instruments in the field of financial services, trends in the digital transformation of financial infrastructure - opportunities for market development, financial inclusion, etc.

At this Forum, the Head of the Department for analysis and attraction of investments of the MCF “Refinancing Fund”, Juraev Bekhzod Mashrabovich, made a report on the topic “The contribution of the MCF “Refinancing Fund” to financing the activities of small and medium-sized businesses.”

During the forum, financial institutions and their staff who made a significant contribution to the development of the microfinance system were awarded the “Excellence in Microfinance” and “Diploma of Honor” awards.

In particular, the Director of the MCF “Refinancing Fund” Rahmonzoda Sharif was awarded a Certificate of Honor from the Deputy Chairman of the National Bank of Tajikistan, the Honorable Gulbahar Naziri, for his significant contribution to the development of the country’s banking system and the successful implementation of the Fund’s activities.

2023-11-23 14:34:17


Celebration of the State Flag Day

The staff of the MCF "Refinancing Fund" extend sincere congratulations to all Tajik people on State Flag Day and convey heartfelt wishes for happiness, good luck, success, and victories.

The State Flag of the Republic of Tajikistan serves as a symbol of the nation's freedom and independence, representing its democratic and legal system, along with embodying the highest ideals of civilization, creativity, and the ongoing pursuit of freedom and independence. Aligned with the Constitution, the Coat of Arms, and the National Anthem, the State Flag holds significance as one of Tajikistan's primary symbols.

The State Flag stands tall as a symbol of unity, integrity, and friendship for the proud Tajik people. It holds a pivotal role in nurturing patriotism, fostering pride, and instilling a strong sense of national identity among the younger generation.

The Founder of Peace and National Unity - Leader of the Nation, President of the Republic of Tajikistan, honorable Emomali Rahmon rightly underlined that "Every individual should take pride in our State Flag, as it stands shoulder to shoulder with flags from diverse nations worldwide. It symbolizes peace and conveys a message to the world about the existence of a cultured Tajik nation, a full-fledged member of the global community - an independent Tajikistan."

It remains crucial to strive for our State Flag to continually evoke pride in every responsible citizen, bolstering our nation's independence and safeguarding its accomplishments.

May the State Flag of the Republic of Tajikistan forever radiate as a beacon of everlasting pride for the nation, reflecting love and unwavering loyalty to the esteemed Tajik people in their relentless pursuit of sovereignty and prosperity for our cherished Motherland.

Wishing a joyous celebration on the National Flag Day of the Republic of Tajikistan!

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