Microcredit institutions’ assets reach 13.2bn soums in 1Q

Tashkent, Uzbekistan (UzDaily.com) -- Over 35 microcredit institutions are operating in Uzbekistan as of 1 April 2011in line with the Law of Uzbekistan “On microcredit institutions”.

According to the Uzbek State Statistics Committee, total volume of microcredit organization’s assets made up 13.2 billion soums.

The microcredit organization provided microleasing services in January-March 2011 for 30 million soums.

In January-March 2011, microcredit institutions of Uzbekistan rendered services on granting microcredits and microloans for 8.3 billion soums. Of them microloans to individuals made up 7.1 billion soums (85%), microcredits to legal persons – about 1.3 billion soums (15%).

In line with the data of the Uzbek State Statistics Committee, main part of loans issued to legal entities (852 million soums) were issued to trade and cetering enterprises, 52 million soums to industrial enterprises, 74 million soums – agriculture, 34 million soums – transport and communication and 242 million soums to other sectors.