The Central Asian region has been characterised by its landlocked geographical location, historical ties with Russia, wealth in minerals, and now, as a place rich with investment opportunities in inclusive finance. In 25 years, the region has undergone a complete transition.
Founded in 2002, Arvand, which means strong and capable in the Tajik language, is mainly active in northern Tajikistan and has a strong presence in rural areas. Today, Arvand is the second largest microfinance institution. In addition to a wide range of products and services using both individual and group lending methodology, Arvand also specialises in agricultural business and provides loans for animal husbandry.
Impact figures 2016
|Number of loan clients||37,591|
|Percentage of female clients||43%|
|Percentage of rural clients||61%|
|Average loan amount||EUR 645|
|Number of savings clients||27,900|
Triodos Fair Share Fund and Triodos Microfinance Fund are shareholders in Arvand. A senior representative from Triodos serves on the Board of Directors. By providing support and governance, Arvand can continue to provide a variety of services to the rural poor that go beyond credit, embarking on the next stages of their institutional development.