Microcreditbank renders microfinance service for 93.1 bn soums
18/10/2010 01:06
Microcreditbank renders microfinance service for 93.1 bn soums
18/10/2010 01:06
Tashkent, Uzbekistan (UzDaily.com) -- Microcreditbank open joint stock commercial bank rendered microfinance services for 93.1 billion soums in nine months of 2010.
In particular, the volume of microloans made up 65.3 billion soums and microleasing services for 27.8 billionsoums in the reporting period.
In the reporting period, Microcreditbank directed 18.7 billion soums for development of industry sector, 22.7 billion soums to agribusiness and 17.8 billion soums to service sector.
Microcreditbank has been established under Decree No PF-3750 of President of Republic of Uzbekistan dated 5 May 2006 “Establishment of Joint-Stock Commercial Microcreditbank in order to provide for development of small businesses, private entrepreneurship and private farming, to create new individual self-employment opportunities by activating family businesses and cottage industries, especially to further enhance financing by providing access of large groups of rural population to microfinance services.
The major functions of Microcreditbank are:
$ 1 | 12697.00 | 0.000% |
1 | 13547.70 | 0.000% |
₽ 1 | 135.05 | 0.000% |