1 / 7

UNDP efforts towards microfinance development in Uzbekistan

Uzbekistan. UNDP efforts towards microfinance development in Uzbekistan. 9-11 November 2005 Almaty, Kazakhstan. BUILDING SUSTAINABLE MICROFINANCE IN RBEC Community of Practice Workshop. UNDP introducing microfinance in Uzbekistan.

bill
Download Presentation

UNDP efforts towards microfinance development in Uzbekistan

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Uzbekistan UNDP efforts towards microfinance development in Uzbekistan 9-11November 2005 Almaty, Kazakhstan BUILDING SUSTAINABLE MICROFINANCE IN RBEC Community of Practice Workshop

  2. UNDP introducing microfinance in Uzbekistan • In 1998 first pilot micro-credit schemes were launched in Karakalpakstan and Kashkadarya regions • UNDP established three pilot microfinance projects with Kashkadarya region and Karakalpakstan branch offices of Business Women’s Association and specialized NGO “Daulet”, provided initial loan funds ($116,000), training and technical assistance for capacity building Consolidated performance indicators as of 30 Sept 2005: • Policy level: Development of enabling regulatory framework for non-banking microcredit operations (Resolution #309)

  3. Lessons learned • A wide range of national institutions are required • Coordination of efforts among donors, MFIs & Government bodies is a necessity • Microfinancing is to be in line with Government’s macroeconomic strategy • From operational to strategic vision in MFIs management • Lack of awareness and access to information • Challenges in expanding the geographical outreach of MF services to the distant regions of Uzbekistan

  4. Meeting the challenges of MF development during the International Year of Microcredit, 2005 • Joining the quality efforts of all key stakeholders • National Committee established • Study tour of rural microfinance organizations • Conference of MFIs in CEE and NIS in Bucharest, Romania • Building a strong legislative baseacknowledging microfinance as an efficient tool in implementation of the Government reforms: • sociological survey of microfinance sector; • comprehensive national report on Microfinance development in Uzbekistan; • Promoting legal reforms - draft Resolution of the Cabinet of Ministers “On measures for further development of microfinance in Uzbekistan”; • Law on “Microcredits and microcredit organizations” developed and being currently considered in the Parliament

  5. Meeting the challenges of MF development during the International Year of Microcredit, 2005 • Increasing access to information: • launch of www.microfinance.uz national web portal, conducting on-line forums on essential issues of MF • Development of Policy briefs - concise analytical summaries for policy decision makers, development stakeholders, donor community representatives and others • Diversifying MF services: • Piloting innovative microfinance projects with ‘Shakhrisabz’ Business Incubator, Kashkadarya region & micro-leasing project with ‘Angor’ Business Incubator, Surkhandarya region

  6. To be continued…. toward achieving poverty reduction and efficient mechanisms of financial mediation • Building institutional capacity of MFIs: • Trainings for MFIs (Manual on MF) • Introduction of new MF services • Providing wider access to external financial resources • MF as a tool toward enhancement of living standards: • PRSP • Agriculture sector reform • Micro and small business development => Area based development in themost poor regions of Uzbekistan

  7. Thank you!For additional information please visit: www.microfinance.uz Uzbekistan

More Related