Uzbekistan: Assisting Women One Small Loan at any given time

Uzbekistan: Assisting Women One Small Loan at any given time

Project Result / Example | 8 November 2018

  • Assisting Women One Small Loan at A time in Uzbekistan
  • Family businesses are popular in Uzbekistan, and females perform a working part in developing and operating them.
  • In Uzbekistan, a project that lends cash to smaller businesses, with a consider assisting ladies business owners, is having an extensive societal sites impact.
  • Into the remote autonomous area of Karakalpakstan, in northwestern Uzbekistan, there is certainly a captivating entrepreneurial nature. Zamira Abdukarimova exemplifies that spirit. The mother that is 53-year-old of adult young ones has committed over 25 several years of her life to building her bakery company. She struggled with only an individual oven—until 2014, whenever she received that loan to purchase brand new baking gear.

    “Now I’m able to make a lot more than 100 flatbreads at any given time,” she says. Her increased manufacturing has permitted her to hire 15 individuals, including 10 females, the majority of whom didn’t have permanent, full-time jobs before working for her. “We trained them and today it works here regular.”

    Her growing business has paid on her behalf children’s advanced schooling and a son’s wedding. She additionally purchased a house that is new an automobile and exposed another store to market cooked items. She actually is considering building a new bakery that is two-story stocking it with new gear to crank up manufacturing further.

    The mortgage that she received to jumpstart her company had been area of the small company and Entrepreneurship developing venture, that has been sustained by ADB having a $50 million loan and a $500,000 assistance grant that is technical. The task has supplied a credit line to two banks—Ipak that is commercial Bank and HamkorBank—which on-lent the funds to small enterprises, with a specific give attention to assisting females entrepreneurs.

    The task additionally supported training to build up the banking institutions’ microfinance operations and supply skills that are entrepreneurial borrowers. Its ultimate objective would be to allow women-owned and rural small enterprises to relax and play a better role that is income-generating Uzbekistan’s economy by giving these with better usage of credit.

    Work for Women

    Loans through the project supplied abilities and employment to ladies in places where job opportunities were scarce. One such place is Karakalpakstan, where Bakhrom Yuldashev spent some time working for years struggling to have by selling frozen dessert he made himself.

    Loans through the project provided skills and employment to feamales in places where job opportunities had been scarce.

    In 2013, he saw that the derelict dairy that is former was up for auction. After getting that loan from HamkorBank in 2014, he was in a position to purchase brand new gear and refurbish the old building. Because of this, Nukus Dilisha, their frozen dessert company, increased its product sales and contains become a favorite that is local. “We now create 15 types of frozen dessert,” he says. “It is a great feeling to have our personal Karakalpak brand name offered over the republic.”

    Bakhrom trained and employed 14 people—most of them women—to work on their ice cream factory. One of these is 20-year-old Ainura Satbayeva. She lives with her moms and dads and it is pleased to be compensated to understand and practice a skill that is new.

    Family Affair

    Family based businesses are popular in Uzbekistan, and females perform a working part in establishing and operating them. Gulnora Khamidova, a 37-year-old mom of four, has for many years assisted her father run a porcelain shop when you look at the town of Andijan. In 2014, her father retired and it was taken by her over.

    “I became a instructor at an area school that is technical had recently had my third youngster, therefore combining that with a full-time work ended up being a challenge,” she claims. Having a loan that is adb-supported the Ipak Yuli Bank branch in Andijan area, she expanded the store’s inventory and has now since checked out the People’s Republic of China to scout for brand new kinds of items to stock.

    She additionally invited two siblings and a niece to become listed on her. The increased business has allowed her to develop a house that is new purchase a car or truck, and save cash on her children’s education. “Just look how stunning our store is!” she exclaims proudly.

    From Worker to Manager

    During the Andijan branch of Ipak Yuli Bank, the region’s trading tradition is clear. Significantly more than 30% of microfinance loans extended by Ipak Yuli Bank with ADB help in the area visited females business owners and much more than 60per cent aided businesses that are rural.

    In Khodjiobod District, some 40 kilometers from Andijan city, a lot of the entrepreneurial activity is focused around textile manufacturing. One particular little textile factories is managed by Abduvakhob Mamatkhodirov, who received that loan to improve their performing capital and expand manufacturing.

    A lot more than 30% of microfinance loans extended by Ipak Yuli Bank with ADB help in the area went along to females business owners and more than 60per cent assisted rural businesses.

    “After getting help from Ipak Yuli Bank, we now have nearly doubled our manufacturing to 35,000 clothes each month and are usually now exporting them to many other countries—Kazakhstan, the Russian Federation, as well as the Kyrgyz Republic,” he says, including they have employed 10 brand new workers, all females. “Unlike the regular agricultural work they were doing before, this gives a reliable, year-round income for them.”

    The capital city, is another small business supported by the project on the outskirts of Tashkent. Utkir Sodikov used that loan to grow their factory’s dishware manufacturing and increase their workforce from 12 people in 2013 to 30 individuals in 2016, 24 of these ladies, mostly through the villages that are surrounding.

    “We take women without past work experience and train them,” he says. “We have actually our very own system whereby they begin from the fundamental tasks and move up to more complex work.”

    Personal Advantages

    The task in addition has had other results on females, especially in the area of supplying better social services. The project helped finance the opening of the first private medical service center and stocking it with critical diagnostic equipment in the small village of Munduz, in Khodjiobod District of Andijan Region.

    “Before our center started, folks from the town and its particular surroundings needed traveling 6 or 7 kilometers to receive good-quality medical diagnostics and help,” claims Adkham Kenzhaev, chief executive officer. The center employs 8 people, including 6 females, and offers inpatient facilities to 120 clients each month, three-quarters of these ladies.

    Outcomes Chain


    This informative article ended up being initially published in Together We Deliver, a publication highlighting successful ADB projects across Asia together with Pacific that demonstrated development impacts, most readily useful practice, and innovation.

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