UnaFinancial joins forces with JSCB Microcreditbank

According to UnaFinancial’s officials, the company works towards achieving its expansion strategy in markets of Central Asia. Considering that the microfinance sector in Uzbekistan presents significant growth, with the size of loan portfolios nearly doubling since 2018 from 104 to 210, UnaFinancial aims to contribute to the advancement of the local market through the launch of its new product. Additionally, the company intends to make the process more convenient and accessible in all regions of the country, thus assisting more customers in fulfilling their development strategies via financing opportunities.

Furthermore, representatives from Microcreditbank underlined that, by merging UnaFinancial’s capabilities with its local market knowledge, the two organisations focus on solidifying their position in the microfinance landscape. Also, Microcreditbank plans to deliver comprehensive support to the new MFO and provide local expertise, branch infrastructure, and resources to ensure enhanced financial services for clients. Moreover, the financial institution is committed to fostering financial inclusion, assisting small businesses and entrepreneurs, as well as promoting economic advancement, especially in rural regions.