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Please note: 1st principal repayment after 12 months instead of 6 months. However, the interest payments start after 6 months.

Every day, from sunrise to sunset, Ikromov works on the farm that has been in his family for generations. His children will continue this tradition. Thanks to a loan from microfinance institution Furuz, Ikromov can now buy a small tractor. This alleviates the heavy work but also increases food production on the farm, providing a solid foundation for the next generation.

Microfinance institution Furuz is committed to supporting smallholder farmers like Ikromov. With your contribution, 38 small-scale entrepreneurs in Tajikistan will gain access to financing through Furuz.

What social return could your investment make?

In Tajikistan, a critical shortage of local jobs has led many to seek employment overseas, posing significant economic and social challenges. This situation creates a pressing need for sustainable, local employment solutions to stabilise and grow the economy in Tajikistan.

Microfinance institution Furuz addresses this need by offering support to small entrepreneurs, particularly in rural areas. Their micro-loans enable these business owners, of whom 35% are women entrepreneurs, to grow their ventures and create local jobs. This focus on empowering women is crucial, as they often reinvest in their families and communities, amplifying the positive impact. Furuz's efforts demonstrate the powerful role of microfinance in stimulating economic growth and promoting gender equality in Tajikistan.
 

What financial return could your investment generate? 

• Annual interest rate of 5,5%
• The maturity of the loan is 24 months
• Grace period: the first repayment of your investment will be made after 12 months. After that, there will be a repayment every 6 months
• With an investment of 1,000 euros, your expected repayment would be 1,083 euros

The story of Furuz

Furuz, founded in 1999, is committed to Tajikistan's sustainable development, focusing on small businesses, financial inclusion, and gender equality. Having issued over 48,000 loans totaling $43 million USD, Furuz has significantly contributed to job creation and economic growth in the region, with an aim to expand and diversify its client base continually.

Furuz in numbers

• Founded in 1999
• Furuz employs 120 staff members across its 8 branches
• 6,000 active borrowers
• 65% of the borrowers are male, and 35% are female
• Issued over 48,000 loans totaling $43 million USD