The Summit will include best practice panels, and unparalleled networking opportunities with the world’s leading practitioners serving Women’s Markets.

The $40 million financing package is meant to expand lending to micro and small enterprises, with 25% earmarked for women-owned businesses.

To increase access to finance for small businesses and women entrepreneurs in Uzbekistan, IFC has signed an agreement with Hamkorbank, the country’s third largest private lender, to provide a loan of up to $50 million.

The debt funding will be used to fuel the growth of its Nasiya service, which provides Shariah-compliant retail financing for consumers in Uzbekistan

TBC UZ will use the loan from the Global Gender-Smart Fund to boost its lending to women and women-led businesses to help them expand into more lucrative sectors. 

This week IFAD launched  the Platform for Remittances, Investment and Migrants’ Entrepreneurship (PRIME) Central Asia Initiative in Kazakhstan, the Kyrgyz Republic, Tajikistan, and Uzbekistan.

The Line of Finance aims to promote Islamic finance, improve financial inclusion, and support private sector development in Uzbekistan.

The proceeds of this Social Bond are to be allocated towards both micro loans up to $10,000 to microenterprises and SME loans up to $1 million to small and medium enterprises.

IFC's $5 million investment will provide critical working capital to help them continue their operations and stay afloat during the ongoing public health crisis.