In 2003, the Aga Khan MicroFinance Program launched microfinance projects in the remote regions of Osh oblast, which quickly expanded to operate five branches by 2004. In 2005, the program was offered in Naryn oblast, and the First MircroCredit Company (FMCC) was registered in 2006. When earthquakes struck the Osh region in 2008, FMCC was quick to offer emergency loans to those affected. In 2010, when civil unrest broke out, FMCC offered emergency loans to those affected. The Company prides itself in supporting its clients during difficult situations. By 2010, FMCC had grown to ten branches, offering loans for education, agriculture, business, housing and animal husbandry.
Year after year, more locations opened in Osh and Nayrn oblasts and new products were offered such as SME loans and Quality of Life Improvement Loans. FMCC also partnered with several banks to offer loans such as the Women's Entrepreneurship Line of Credit. Recently, FMCC partnered with the Kyrgyz Sustainable Energy Financing Facility (KyrSEFF) to offer clients housing loans with a grant for energy efficiency improvements. FMFC currently operates 13 branches, 10 in Osh oblast and 3 in Naryn oblast. By 2017, First MicroFinance Company have grown into the lagerst micro finance institution in the southern part of Kyrgyzstan.
In August 2017 the Company transformed into the First MicroFinance Company (FMFC). This transition will allow FMFC to offer an even greater range of products and services to better serve the diverse needs of its clients. As the FMFC continues to grow, it will continue to put client's first, as it has since the beginning.
were supported since FMFC began
“At FMFC we strive to always put our clients first”