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Finance 05/02/2009 Microcreditbank allocates 55.4bn soums to small businesses
Microcreditbank allocates 55.4bn soums to small businesses
Tashkent, Uzbekistan (UzDaily.com) -- Microcreditbank allocated micro finance resources for 55.4 billion soums in 2008, of which 40.7 billion soums fell to share of micro credits and 14.7 billion soums to micro leasing.

The businesses, which received credits from the bank, created over 56,000 new jobs, including over 16,000 jobs for women.

The bank issued credits for 4.877 billion soums to 4,439 low income families to stimulate growth of cattle in ancillary, dehkan and farm entities and expansion of production of cattle products.

Microcreditbank also financed agriculture projects. It allocated 1.126 billion soums to purchase cattle and 1.454 billion soums to purchase seeds of potato, melons and gourds, vegetable and saplings.

The bank allocated 173 billion soums of soft credits to farms from the resources of Finance Ministry, including 141 billion soums to cotton producers and 32 billion soums to wheat producers.

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