On March 9, 2021, the Kyrgyz Investment and Credit Bank (KICB) completed the acquisition of 100% of the shares of CJSC First MicroFinance Company.


“FMFC as one of the biggest and most important MFIs in Kyrgyzstan is thrilled to make use of synergies that will arise from the transaction. Its clients will have further benefits while continuing with trustful cooperation under the roof of the Aga Khan Development Network.”


After the sale of shares, FMFC will gradually enter the structure of the Kyrgyz Investment and Credit Bank. First MFC CJSC will continue to operate normally and will continue to serve current and future customers in all branches of the company. For all clients and partners of CJSC First MFC, the terms and conditions for existing products and services remain the same in accordance with the terms and conditions of the current contracts. As part of the accession procedures, CJSC First MFC will inform its clients and partners about the planned changes in advance in order to ensure maximum convenience for clients and partners. The management and employees of First MFC CJSC and KICB are fully committed to continuing to provide current and future customers of First MFC CJSC with all of the Company's services at the highest level of service quality.

All planned changes in the activities will be implemented gradually, and the information will be posted on the official resources of the organizations.

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