Symbiotics Launches $10 million Social Bond With Hamkorbank From Uzbekistan
Symbiotics, the leading market access platform for impact investing, has arranged a $10 million Social Bond for Hamkorbank.
Founded in 1991 by local entrepreneurs, Hamkorbank’s mission is to provide high-quality services via its technologically advanced banking products and over 200 service points located across the country. Hamkorbank is a full service bank, whereby micro-enterprise and SME loans are two core customer pillars in its strategy to support economic growth and employment generation within 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. Hamkorbank’s focus is on generating employment, financial inclusion and improving the general funding available to this market.