AGA KHAN OPENS FIRST MICROCREDIT LENDER IN TAJIKISTAN
By empty (7/5/2004 issue of the CACI Analyst)
Prince Aga Khan IV, the spiritual leader of the Ismaili movement, opened the first microcredit bank in Dushanbe on 5 July. Noting that the bank is intended to combat poverty in Tajikistan, Prince Aga Khan said that it will have an investment fund of $3 million and will provide loans to small businesses at 18 percent annual interest. The bank is only the third of its kind in the region; others are located in Afghanistan and Pakistan.Visit also
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