By merging UnaFinancial’s knowledge in developing fintech solutions and Microcreditbank’s position in Uzbekistan, the two companies joint forces to expand their offering and provide instalment loans to micro-entrepreneurs. With UnaFinancial holding a controlling interest of 60%, the company already introduced similar solutions in other markets in which it operates in, including Asia and Europe. As part of their collaboration, UnaFinancial and Microcreditbank are set to deliver 3, 6, and 9-month repayment terms for micro-entrepreneurs in a bid to support the expansion of their operations.
Further information on their plans
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.
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