Company Information

Get to know The First MicroFinance Bank

Established in 2002, The First MicroFinanceBank Ltd. (FMFB) is a private, non-commercial bank and a key institution within the Aga Khan Agency for Microfinance (AKAM). Its mission is to alleviate poverty and promote economic development through financial inclusion. FMFB provides a comprehensive range of financial products and services, including micro-credit, savings, insurance, and payment services, specifically targeting marginalized segments of society such as small and medium-sized enterprises (SMEs) and rural communities to improve their quality of life.

Industry

Financial BankingPRIMARY
Financial Other Service

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The First MicroFinance Bank

Afghanistan

Founded in

2004 (22 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Others

2/10

Reviews

43/90

5 reviews

Provided by TrustFinance

OVERALL SCORE

Others

2/10

Reviews

43/90

5 reviews

Provided by TrustFinance

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.