Uzbekistan has a population of over 30 million and a majority of its citizens have no access to finance, specifically loans. Hamkorbank provides an opportunity for clients to access a wide variety of financial products, including micro and SME (small and medium enterprise) loans. Established in 1991, Hamkorbank has grown into a medium-sized financial institution with over 1,500 employees nationwide. The bank seeks to grow its loan portfolio through agricultural lending. With a majority of the country’s population residing in rural areas, there is great deal of potential to develop agricultural lending.
This is the first loan in Uzbekistan for the Triodos Fair Share Fund and Triodos Microfinance Fund, which enables Hamkorbank to expand its microfinance lending and develop its agricultural portfolio.
KEY INDICATORS as of 31 December 2016:
- number of loan clients: 112,436
- percentage female clients: 49%
- percentage rural clients: 22%
- average loan amount: EUR 5,623
- number of savings clients: 155,222