Board of Directors

Taalaibek Djoumataev

Member of the Board of Directors of LLC MDO "Arvand"

Taalaibek Djoumataev began his work in 1993, first as an Economist and then as Chief Economist of Foreign Exchange Department of National Bank of Kyrgyzstan. In November 1997 he worked as Credit Department Manager in KAFC (Kyrgyz Agricultural Financial Corporation). From 1999 up to 2005 he was a member of the Governing Board of National Bank of Kyrgyzstan. From 2005 up to May 2015 he was Chairman of the Executive Board of JSC "Bank of Asia." Starting from May 2015 he became Director General of LLC MCC “Frontiers”.

He has Diploma with honors from Kyrgyz State National University with Specialization in Industrial Economics.
He received certificates for successful participation in short-term trainings and seminars in banks and universities of Europe (Joint Vienna Institute) and the US (Yale University) in different areas: market economics and financial analysis, risk management, HR management, strategic planning and management, corporate governance and others.

Altynay Valikhanova Edigeevna

Member of the Board of Directors, LLC MDO "Arvand"

Ms. Altynay Valikhanova graduated with honors from the University of London, London School of Economics, 1999-2000. From 2006 to 2016, she is a senior regional coordinator of the financial sector in the Development Bank of KFW.

From 2016 to the present day, she works as a Senior Investment Expert on the ECCA team in management on investments of Triodos in the Netherlands.

Altynay was a Fellow of AFS school on exchange in the United States in American Collegiate Exchange Consortium.

The main skills Altynay - project management, communication with many different shareholders, deep presentation skills, donor coordination and policy dialogue, strong analytical skills, comprehensive testing skills, international experience, deep knowledge of financial markets and familiarity with international capital markets, experience with state bodies and governments in different countries of Central Asia. She knows Kazakh, Russian, English and German languages.

Nurgul Torobaeva

Member of the Board of Directors, LLC MDO "Arvand"

She graduated from the International University of Kyrgyzstan, the Higher School of Economics and Business. She holds Master degree in Economics. She has more than 15 years of experience in microfinance. Nurgul Torobaeva started her career as Specialist of the Reorganization of the Financial System Department within the program of the World Bank FinSAC of National Bank of Kyrgyzstan, and later worked in the Financial Company for Support and Development of Credit Unions as Chief Specialist on Methodology and Supervision, as well as Head of Auditing and Monitoring Department.

She has three years of experience in the project "Development of rural financial institutions" of the German Society for International Cooperation. Among her achievements is adaptation of software "Mikrobankir" developed by FAO in collaboration with GTZ for microfinance institutions based on the requirements of credit unions and the introduction of this software in 10 pilot credit unions. She has been working in "Bai Tushum and Partners" since 2005 as Finance Manager. Her main achievement is the development of the risk management system, strengthening financial management system based on the system of market risk assessment.

Since April, 2010 she has been Deputy General Manager and she is in charge of areas such as treasury, operational management, information technology, management methodologies, security service of the bank. Nurgul Torobaeva has numerous certificates of Bank Training Center (Kyrgyzstan), Microfinance Centre (Poland), International Finance Corporation and others. In 2010 she graduated from the qualification upgrading courses at the Banking School of Association of Banks of the United States. In 2012, she successfully passed the exam and received a certificate of GARP (Global Association of Risk Practitioners).

Namken Nadejda

Member of the Board of Directors, LLC MDO "Arvand"

Ms. Nadia Namken is a financial services development expert with 18 years of experience managing a wide range of projects in the Middle East, Eastern Europe, the former Soviet Union, and Southeast Asia. She has provided technical assistance to ACDI/VOCA-affiliated financial institutions in the areas of strategic planning, governance, internal controls, internal audit, financial analysis, financial modeling, budgeting, accounting, development of staff compensation schemes, market research, and product development. She serves on the board of directors for four ACDI/VOCA-affiliated financial institutions.

In 2008–2009, Ms. Namken provided technical support to ACDI/VOCA’s Iraqi MFI affiliate, which was recognized as the Microfinance Institution of the Year in Iraq (2009) and received financial and social transparency awards from Sanabel Microfinance Network of Arab Countries. Ms. Namken was also recognized for her contribution to improving the NGO Law in Iraq to improve the country’s microfinance enabling environment. Ms. Namken has conducted numerous assessments of microfinance institutions and facilitated a number of strategic planning sessions worldwide. She holds an M.B.A. in finance, speaks native Russian, and is fluent in English.

Member of the Board of Directors, LLC MDO "Arvand"

Raimondas Rapkyavichyus

Chairperson of the Board of Directors, LLC MDO "Arvand"

Specialist in banking and corporate management. He has 25 years of experience in various spheres of banking, brand promotion, sales, restructuring of the business directions, coaching of people, financial management of start-ups of the companies.

Since 2016 - is a member of the Supervisory Board of the state energy holding EPSO-G (electric power industry and gas networks, 2 energy exchanges and energy construction) and a member of the audit committee (chairperson). Analyzed a review of the effectiveness and risk management of five companies in the group, including 2 listed - AmberGrid and Litgrid. Also, from 2008–2013, he worked as a member of the General Financing Board of Societe Generale. He was the deputy general director and financial director of the company responsible for budgeting, treasury, general management and administration.

From 1982-1989 he graduated from Vilnius University in the direction of an economist-mathematician.

Born: November 5, 1964 in Lithuania. He is fluent in English, Russian, Polish, Italian and Lithuanian (native). He is fond of sports (skiing, cycling).


Microcredit Deposit-Taking Organization

1a, Lenin Str., Khujand,
Republic of Tajikistan

+992 (92) 795-00-01