11,2M€
Wallet
9 720
Number of beneficiaries
49,4%
Women beneficiaries
74,7%
Rural beneficiaries
Uzbekistan
Financial services
Funding granted
Loan of €1M*
(local currency equivalent)
Partner of the Foundation
Since July 2023
*Outstanding at grant value
Context :
In 2023, Uzbekistan finds itself in a dynamic economic context, with ambitious market-oriented reforms. Agriculture plays a major role in the Uzbek economy, accounting for 25 billion GDP and employing 26 billion of the total workforce. Uzbekistan benefits from abundant natural resources, low public debt, and a strategic geographical position between China and Europe.
THE INSTITUTION:
Renesans in Uzbekistan is a Tier 3 microfinance institution established in 2007. The institution provides microloans using group and individual methods. Renesans is committed to being a leader in financial services for women entrepreneurs, individual entrepreneurs, and the self-employed in rural areas.
Impact :
Renesans targets rural clients and primarily finances income-generating activities in the areas of business/trade and agriculture/livestock. Its mission is clear: to provide fast and easy access to quality microfinance services, thereby promoting the sustainable economic development of the Republic of Uzbekistan.