The European Bank for Reconstruction and Development (EBRD) is extending support to micro and small enterprises in Tajikistan, by providing a USD 4 mm loan to The First MicroFinanceBank (FMFB)-Tajikistan. The loan comes under the Tajikistan Micro and Small Enterprise Finance Facility (TMSEFF), established in 2003 by EBRD to provide loans to micro, small and medium-sized enterprises. The objective of the Tajik MSE Finance Facility is to develop the necessary skills and capacity in the Tajik financial system/banking sector to provide access to finance to creditworthy Micro and Small Enterprises (MSEs) nationwide. According to the press release, since the establishment of the facility more than 18,000 loans with an average value of USD 3,000 have been provided as of 2006 and loans to female entrepreneurs constitute 41 per cent of the portfolio.
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