Given seminar was held in the Banking and Finance Academy of the Republic of Uzbekistan, where representatives from commercial banks, microfinance institutions, leasing companies and international organizations took part in. Movable based financing is provision of credits, leasing and other financial sources collateralized by accounts receivables, inventory, intellectual property and other movable assets. Such type of financing differs from traditional approach of finance organizations. Particularly, traditional approach is focused on analysis of credit worthiness and financial status of potential borrower. In case of movable based financing, accent is shifting to a quality and liquidity of given assets. In result, access to finance is given to newly established companies, specifically enterprises of small business.

During the seminar, participants got acquainted with international practices of movable based financing: accounts receivables financing, inventory stocks, finance of supply chain, as well as how this type of financing affects growth of small businesses.

For example, in Vietnam, changes in Law On collateral, assisted access to finance for the 250,000 MSMEs (97% of businesses). In results, 103,000 new loans have been registered totaling USD$500million, helping 54,000 MSMEs.

Providing support to development of movable based financing is one of the core objectives of Azerbaijan and Central Asia Financial Infrastructure IFC Project (ACAFI), funded by the government of Switzerland.