The Foundation active in a new country: the Tadjikistan

At its last Project Committee of the year 2011, the Foundation approved 2 new investments in a new country, Tadjikistan. Arvand delivers loans and savings/deposits services in the Northern region of Tajikistan, around Dushanbe, the Tajikistan capital, mainly to rural and farming population. Humo became one of the first microfinance institutions registered to the National Bank. It operates in the South and the North of the country. The institution is among the top five leading microfinance institutions in the country.

The Tadjikistan’s choice by the Foundation is due to the fact that this country, with 7,6 millions of inhabitants (estimation July 2011) was the poorest republic of the Soviet Union and is the poorest country in Central Asia as well as in the former Soviet Union today. According to the national poverty line, 53.5% of the population was poor in 2007. In 2010, Tajikistan ranked 127 out of 182 countries on the UNDP Human Development Index.

More information about Arvand and Humo&Partners