IFC Supports Smaller Businesses and Women Entrepreneurs in Uzbekistan

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.

With 35 percent of the funding earmarked for women-run businesses, this initiative is part of IFC’s broader effort to strengthening Uzbekistan’s financial sector and empowering small-scale entrepreneurs, who often face significant challenges in securing the loans they need to expand their businesses.