About CJSC Bank «Arvand»
Provision of appropriate financial services of high quality to entrepreneurs with the purpose of stimulating the economic and social growth of Tajikistan.
The Vision of the Bank
Leading dynamic sustainable microfinance bank embracing innovations.
Since its foundation in 2002 Arvand was a part of a regional project on microfinance in Ferghana Valley which was conducted by the representation of ACDI / VOCA in Tajikistan. Since that time MDO Arvand directs all its efforts to achieve understanding, meet the needs and expand mutually beneficial cooperation with the client. The organization provides loans with no pledge which allow low-income families and micro-entrepreneurs to increase their income and improve living standards. Other services offered by Arvand are opening deposit accounts, remittances, currency exchange and cash management services. Along with financial services Arvand also provides non-financial services: trainings and consultations.
Today Arvand has about 70 service points and employs about 900 qualified workers.
The shareholders of CJSC Bank "Arvand" are:
- MLF "MicroInvest"
- MCC "Frontiers"
- Triodos Custody B.V.
- Triodos SICAV II- Triodos Microfinance Fund
- Rural Impulse Fund II S.A., SICAV-SIF
- Access Microfinance Holding AG
History of CJSC Bank "Arvand". How it started?
2002 - Centre for Development and Support of Microentrepreneurs (MDTM) was was founded by the international organization ACDI / VOCA.
2003 - MDTM was officially registered as a public association of the regional level in the Department of Justice of the Sughd Region.
2005 - In pursuance of the adopted Law “On Microfinance Organizations” in March 2004, MDTM was re-registered as Microlending Fund. In 2005, Microlending Fund "MicroInvest"was officially registered.
2008 - MLF "MicroInvest" takes the next development step and in October 2008 it will be transformed into the Limited Liability Microcredit deposit organization "Arvand".
2019 - Credit organizations LLC MDO “Arvand” and CJSC “AccessBank Tajikistan” announce the successful implementation of an important stage in the process of merging and transformation into CJSC Bank “Arvand”. September 30, 2019 The official presentation of the Banking License was held by the Chairman of the National Bank of Tajikistan Jamshed Nurmahmadzoda.
In 2014 Arvand was officially awarded a certificate «SMART Campaign» and became the 17th company in the world, the first and only company in Tajikistan, which fully complies with and fulfills 7 client protection principles, 30 standards and 95 indicators!
Bank "Arvand"! Our support - your success!