Why is this important
The microfinance services market in Uzbekistan continues to grow actively and already occupies more than a third of the credit market. The role of banks in microfinancing remains dominant. A high concentration of several organizations indicates the strengthening of major players.
What happened
- The Central Bank published a review of the microfinance services market for January-September 2025.
- The volume of microfinance services increased compared to the previous year.
- The main market share is occupied by banks, the rest by microfinance organizations and pawnshops.
- A significant portion of microfinance organizations’ services is concentrated in three companies.
- Microloans predominate, and microcredits account for a smaller share.
- The largest market share belongs to Tashkent.
Numbers and facts
- The volume of microfinance services — 104 trillion soums, growth — 1.8 times, share in the total volume of loans — 34.2%.
- The share of banks is 79.5%, microfinance organizations — 18.5%, pawnshops — 2%.
- The volume of services provided by microfinance organizations is 19 trillion soums, of which 73% (13.9 trillion soums) is accounted for by three organizations.
- Microloans — 83 trillion soums, microloans — 21 trillion soums.
- The share of microloans is 80%, microloans — 20%.
- The share of Tashkent is 64%, with the highest growth rates in Tashkent, Kashkadarya, and Khorezm regions.
Context
- Microfinance services include microloans and microcredits provided by banks, microfinance organizations, and pawnshops, which are mainly used to support small businesses and the population.
- The microfinance sector is becoming one of the key segments of the credit market.
- Strong regional concentration in Tashkent indicates uneven market development across the country.
