A number of favorable loans for businesses from foreign financial institutions

In order to support and develop entrepreneurship in the country, the Microcredit Bank, in collaboration with a number of foreign financial institutions, provides preferential loans. These loans provide entrepreneurs with access to long-term financial resources and contribute to the development of important sectors such as agriculture, animal husbandry, and agribusiness.

Loan types and conditions

Project “Financing Sustainable Development of Livestock Sector” with the participation of the French Development Agency (FTA);

• Objective: Development of livestock, poultry, horse breeding, camel breeding, and fishing;

• Loan term: up to 7 years;

• Loan currency: in national currency;

• Annual interest rate: annual CB base rate in national currency + 3 percent (at a floating interest rate);

“Development of Rural Entrepreneurship” with the participation of the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA) Phase 2” project;

• Objective: Development of food and non-food production and service activities;

• Loan term: up to 10 years;

• Loan currency: in national currency and US dollars; 

• Annual interest rate: in national currency the CB base rate + 6.5 percent (at a floating interest rate), in US dollars 6-month SOFR + 6.5 percent (at a floating interest rate);

Project "Modernization of Agriculture of the Republic of Uzbekistan" with the participation of the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA);

• Objective: Development of the cultivation and production of food, fruit and vegetable products, and the textile industry;

• Loan term: up to 13 years;

• Loan currency: in national currency and US dollars; 

• Annual interest rate: in national currency the base rate of the Central Bank + 5 percent (at a floating interest rate), in US dollars 6-month SOFR + 6.5 percent (at a floating interest rate);

Project “Livestock Development (Phase 2)” with the participation of the International Development Association (IDA) and the International Bank for Reconstruction and Development (IBRD);

• Objective: Development of livestock, poultry, horse breeding, camel breeding, and fishing.

• Loan term: up to 13 years;

• Loan currency: in national currency and US dollars; 

• Annual interest rate: in national currency the base rate of the Central Bank + 3 percent (at a floating interest rate), in US dollars 6-month SOFR + 6.5 percent (at a floating interest rate);

Japan International Cooperation Agency (JICA) Project “Development of Value Chain Creation in the Fruit and Vegetable Sector (Phase 2)”:

• Objective: Financing fruit and vegetable projects.

• Loan term: Up to 10 years.

• Loan currency: in national currency;

• Annual interest rate: at the base rate of the Central Bank (floating interest rate);

Benefits of using loans

These credit lines provide entrepreneurs with access to long-term and targeted financial resources. This will:

• Create new jobs,

• Modernize production,

• Contribute to the effective development of agriculture and livestock.

These initiatives, implemented by Microcredit Bank in cooperation with foreign financial institutions, make a significant contribution to economic growth and the development of entrepreneurship.

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