Empowering Development

CGFT - Credit Guarantee Fund Tajikistan

CGFT’s mission is to improve access to finance for MSMEs in Tajikistan by providing credit guarantees and technical assistance to PFIs such as banks and micro-finance institutions.

Credit Guarantees for access to finance

Credit guarantees cover a share of the default risk of loans provided by PFIs to their borrowers. Through close collaboration with its PFIs, CGFT’s credit guarantees incentivize the mobilization of underutilized capital  – facilitating a more accessible lending environment for both lenders and borrowers in Tajikistan.

Technical Assistance  to expand possibilities 

CGFT’s TA services are dedicated to strengthening the capacity of its PFIs for better, more efficient and accessible coverage of MSME lending. CGFT’s tailor-made TA programs are designed according to the requirements and distinct strengths and weaknesses of each PFI. Each program is unique, comprehensive and readily implementable.

CGFT is dedicated to improving access to finance for the MSME sector as a means of driving macroeconomic growth. CGFT’s credit guarantees help promising MSMEs realize their full growth potential, spur job creation and enhance incomes for everyday communities. 

Key Indicators (cumulative as of end of Q1 2021)


 in USD

approx. value of guaranteed loans disbursed by pfis

in USD 

approx. outstanding guaranteed loan portfolio

approx. PFI staff and loan officers trained 


approx. Number of guaranteed loans disbursed

guaranteed  loans in total MSME PORTFOLIO of PFI’s 

avarage historical
net loss p.a.

Photographer: Sukhrob Khasanov

Sharing Expertise:

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CGFT is managed by LANDT GmbH, an international development finance company working closely with CGFs across the world and over 50 international experts and advisors with further support of international consultants.

The company focuses on developing MSME finance through designing, setting-up and managing credit guarantee schemes and providing technical assistance in challenging environments. LANDT possess a unique expertise enabling sophisticated consultancy and knowledgeable strategic support at any stage of credit guarantee scheme development.

Local Impact through Local Presence

CGFT’s key to success lies in the combination of international best practice and local know-how. While CGFT is headquartered in Berlin, Germany, it utilizes expertise from LANDT’s local subsidiary: TCSP – Tajik Credit Support Partner LLC. With offices in Dushanbe and Khujand, TCSP functions as the core partner of CGFT providing consulting services on all aspects of local guarantee operations.

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