OXUS Network



The OXUS story began in 1997 in Tajikistan, just as the country emerged from a civil war. Back then, ACTED started to disburse its first micro-loans in the Vakhsh Valley. This microfinance programme aimed at supporting bakers in desperate need of flour, who were able to repay at a later stage. Following the success of this initial initiative, ACTED gradually launched several microfinance programs across the country. In February 2006 eventually, OXUS was registered with the Tajik National Bank as a Micro Lending Organization. Since then, OXUS Tajikistan has developed the portfolio inherited from ACTED. As of December 2019, OXUS Tajikistan is ranked amongst the largest microfinance provider in portfolio terms in the country. The affiliate has 4 branches and 27 BCSs and has since inception disbursed over 160k micro loans

Over the last decade Tajikistan has achieved remarkable socio-economic progress. The national poverty headcount at national level has retreated from 92% in 1999 to 30,3% in 2016. In addition, more than 80% of the Tajik population lives in rural areas, with agriculture representing 20.7% of the GDP. At the same time, the country suffers from weak financial inclusion as banks and local financial institutions are not always able to provide much-needed loans to local farmers and entrepreneurs.



In order to best meet the specific needs of its clients, OXUS Tajikistan currently offers 7 different types of products (individual business loans, group loan products, individual agro livestock loan products, individual agro horticultural products, external consumer loan products, express loans and internal consumer loan products), with individual loans accounting for 99% of the affiliate’s outstanding loan balance.

Since inception, OXUS Tajikistan has focused on operations in rural areas where 81% of clients live and work. To date about 34% of OXUS clients in Tajikistan use their loan to finance trade and services activities, while nearly 38% use it for livestock and horticulture. In the meantime, women represent 40% of OXUS Tajikistan clients.

In order to best meet the specific needs of its clients, OXUS Tajikistan currently offers 7 different types of product:

  • Business loan: for business development
  • Agro loan: for agricultural development
  • Express loan: for various purposes
  • Consumer loan: for any consumer needs
  • Green loan: for energy and agro efficency
  • Group loan: for the agricultural, business development and for any other consumer needs


Nosirjon Oripov

Chief Executive Officer

After graduating from the Tajik State University of Commerce and the Open University in the UK, Nosir obtained an MBA from the International Institute of Management LINK. He started his career in 2003 at EBRD program TMSEF as loan officer and then as Credit Advisor. He then joined a leading bank in Tajikistan where he worked his way to the top, from the project coordinator to Head of Retail Business Department. He was promoted CEO of OXUS Tajikistan in October 2018.


Khayomjon Khudoydodov

Deputy General Director

Khayomjon Khudoydodov graduated from the Department of Economics and Management  of the Tajik State National University, Tajikistan. He began his carrer in 2004 as a loan specialist at Taiprombank CJSC (in the EVRD TMSFF project), and worked in various seniour positions there. From 2009 to 2017, he worked at OJSC « Eskhata Bank » in senior positions (regional manager, branch director). From 2018 to 2019 he worked at Refinancing Fund at MK Consulting in various positions. He joined OXUS Tajikistan Team as Deputy General Director at the end of December 2019. He was widespread experience in the banking sector.


Shukhrat Zoidov

CFO – Chief accountant

After graduating in 2003, the Khujand Branch of the Technological University of Tajikistan, he began his carrer in a local organization as an assistant accountant. Soon, he was hired by the international organization ACTED as a Program Assistant and Database Operatior? At the end of 2004, he was transfered to the ACTED Finance Departement as a cashier and in early 2005, he took the post of Financial Officer for the Ferghana Valley. Sukhrat joined the OXUS team in early 2007 as an accountant in the Sughd region in the Khujand branch. In 2011, he was transfered to the Head of the Office as chief accountant.



OXUS Tajikistan

676 Umed Str., Dushanbe, Tajikistan

Tel: (+992) 48 701 60 08, 48 701 60 08