MICROCAPITAL BRIEF: 34 Microfinance Institutions Now Operating Under Uzbekistan Microcredit Law

As of October, 34 microfinance institutions (MFIs) reportedly operate in Uzbekistan under the country's law “On Microcredit Institutions” with microloans to individuals amounting to UZS 22.5 billion (USD 12.6 million) and microloans to organizations amounting to UZS 2.8 billion (USD 1.6 million). Between January and September, microleasing services were provided by microcredit institutions in the amount of UZS 111 million (USD 62,000). Data from the US-based nonprofit Microfinance Information Exchange, which includes banks engaged in microlending, indicates that lenders in Uzbekistan have loans of USD 410 million outstanding to 96,565 micro-borrowers as of December 2010.

By: Ariana Malushi, Research Associate

Sources and Additional Resources

“Some 34 microcredit institutions organizations work in Uzbekistan” http://www.uzdaily.com/articles-id-16541.htm

MicroCapital.Org story, May 23, 2011 “MICROCAPITAL BRIEF: United Nations Development Program (UNDP) Convenes Discussion On Amending Microfinance Regulations in Uzbekistan”
http://www.microcapital.org/microcapital-brief-united-nations-development-program-undp-convenes-discussion-on-amending-microfinance-regulations-in-uzbekistan/

MicroCapital.Org story, January 4, 2010 “MICROCAPITAL BRIEF: The International Finance Corporation (IFC) and the Government of Switzerland Launch Three-Year Program to Improve Financial Infrastructure for Small and Medium Enterprises (SMEs) in Azerbaijan, the Kyrgyz Republic, Tajikistan, and Uzbekistan”
http://www.microcapital.org/microcapital-brief-the-international-finance-corporation-ifc-and-the-government-of-switzerland-launch-three-year-program-to-improve-financial-infrastructure-for-small-and-medium-enterprises-smes/

MicroCapital.Org story, January 2, 2010 “MICROCAPITAL BRIEF: The European Bank for Reconstruction and Development (ERBD) Provides $5m Loan to Uzbekistan's HamkorBank for Micro- and Small Enterprises (MSEs)”
http://www.microcapital.org/microcapital-brief-the-european-bank-for-reconstruction-and-development-erbd-provides-5m-loan-to-uzbekistans-hamkorbank-for-micro-and-small-enterprises-mses/

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