CJSC First MicroFinance Company (FMFC) was founded and is wholly-owned by Aga Khan Agency for Microfinance (AKAM), which is incorporated in Switzerland. AKAM is part of the Aga Khan Development Network (AKDN). AKAM works to expand access for the poor to a wider range of financial services. Its programs range from village lending cooperatives to self-standing microfinance banks in South and Central Asia, Africa and the Middle East.
Out of all microfinance organizations, First Microfinance Company is the second largest microfinance company in Kyrgyzstan. The company currently serves over 14,000 clients, of which 44% are women and 90% are from rural areas. The Company's loan portfolio is 12.9 million US dollars and offers favorable interest rates among Microfinance Companies. The company issues micro loans for livestock and agriculture, trade, small and medium-sized businesses, education and for improving housing conditions and quality of life.
were supported since FMFC began
“At FMFC we strive to always put our clients first”