There are many projects financed by the bank, but not all of them achieve the intended business plan indicators. This may require external and internal factors, as well as necessary additional support. Based on this, bank officials are visiting the sites and getting acquainted with the projects.
The Uzbek-American-Russian joint venture "Rom-Star" in the Romitan district of the Bukhara region is one of the largest enterprises developing the silk industry on a modern basis. To finance the enterprise, the Bukhara branch of JSCB "Microcreditbank" allocated a total of 66 billion soums in loans.
Modern production facilities have been commissioned using these funds, providing permanent employment for 150 citizens. Additionally, a modern sericulture training center for 350 students has been established at the enterprise, where qualified specialists for the industry are trained.
High-quality cocoon products produced at the enterprise are processed in accordance with international requirements and exported to the People's Republic of China. The annual export volume of the enterprise is 3 million US dollars. This contributes not only to the export potential of the enterprise but also to increasing the export indicators of the Bukhara region and our country.
Most importantly, this project serves to create new jobs, ensure public employment, develop the silk industry, and accelerate the economic development of the region. As a result of the financial support provided by Microcreditbank, the number of such promising projects is increasing.
Recently, representatives of the regional branch of the bank visited this enterprise and familiarized themselves with the enterprise's project for the production of carpets using Turkish technology. An agreement was reached to implement this project with the bank's financial support in the future.
The "SIYOVUSH TEKSTIL BUKHARA" LLC enterprise is also one of the largest production projects in the region. The investment project implemented by the enterprise serves to develop industry in the region, create new jobs, and increase export potential.
The enterprise's operations were suspended due to a shortage of raw materials. With the bank's financial assistance, an additional loan of 3 million US dollars was allocated for the continuous organization of production activities and the replenishment of working capital.
Through the allocated working capital loan, raw materials necessary for production were purchased from the Republic of Turkey. To date, 30 trucks have delivered products to the enterprise.
The main activity of the enterprise is the production of acrylic yarn based on modern technologies. Along with the domestic market, the manufactured products are exported to Turkey, Russia, and other foreign countries. This will allow the enterprise to increase export volumes, increase foreign exchange earnings, and make a worthy contribution to the development of the country's textile industry.
Within the framework of the project, 150 new permanent jobs have been created, which serves to provide the region's population with stable employment and increase their incomes
During the study, an agreement was reached to launch the enterprise at full capacity and to establish the operation of an additional paint shop through a bank loan. As a result, production volumes will gradually increase, the geography of exports will expand, and new markets will be developed.
Bank Information Service
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