Tashkent, Uzbekistan (UzDaily.uz) — Small and medium-sized businesses in Uzbekistan received 1,005 loans worth 415.7 billion soums in total through the TadbirCore digital credit marketplace.
The platform recorded these results from 1 June to 17 September 2026. During this period, entrepreneurs submitted 3,262 applications to banks through TadbirCore, with almost one in three resulting in a loan being issued. The Central Bank of Uzbekistan said.
TadbirCore was created under the supervision of the Central Bank and is currently operating in beta. Its concept is straightforward: instead of approaching banks one by one, an entrepreneur submits a single application that is sent simultaneously to several lending institutions.
The platform is currently connected to 23 banks: Agrobank, Asakabank, Aloqabank, Poytaxt Bank, InfinBank, Kapitalbank, Universalbank, Anorbank, Hamkorbank, Davr Bank, Turonbank, Asia Alliance Bank, Trustbank, Tenge Bank, Ipak Yuli Bank, Xalq Bank, Uzpromstroybank, Orient Finance Bank, Microcreditbank, BRB, Garant bank, TBC Bank and National Bank.
The platform’s creators describe the problem it is designed to address using an example familiar to many entrepreneurs. An entrepreneur who approaches three banks has to collect documents three times, fill out applications three times and wait for a response three times. Each bank has its own requirements, and whether an applicant meets them becomes clear only after the documents are submitted. The required bank may not have a branch in the entrepreneur’s area, interest rates may appear similar at first glance, while the final payments differ. A rejection may also come without an explanation.
The average interest rate on loans in national currency issued through the platform was 23.9%, while the average loan term was 37.4 months. Demand peaked in July, when entrepreneurs submitted 1,465 applications and received 420 loans worth 169.7 billion soums.
In June, there were 954 applications and 266 loans worth 126.8 billion soums. In August, entrepreneurs submitted 596 applications and received 224 loans worth 88.8 billion soums. From 1 to 17 September, there were 247 applications and 95 loans worth 30.3 billion soums.
The entire application process takes place online. Applicants log onto the platform using an electronic digital signature, select one of four products — a microloan of up to 100 million soums, a loan for current expenses, a long-term loan for business development or a loan for new businesses — and specify the amount, term and purpose.
The system recommends suitable banks, whose responses then appear in the applicant’s personal account. Applicants can see the approved amount, interest rate, term and grace period offered by each bank, select the preferred offer and receive the manager’s contact details. If a bank rejects an application, the platform displays the reason, allowing the entrepreneur to improve their profile and apply again. Processing times are monitored using service-level agreements (SLAs) and a timer.
Banks retain their independence: they formulate offers according to their own lending policies, set their own stop factors and receive only applications that meet their requirements. Data is submitted in a standardised format, reducing manual checks, while analysis of rejected applications shows at which stage a bank is losing potential borrowers.
The platform also provides access to customers in regions where maintaining branches is costly. According to its creators, competition in small-business lending is shifting from the question of which bank has more branches to which offers better terms, speed and service.
The processing of personal data is regulated by the Law on Personal Data dated 2 July 2019. Users decide whom to grant access to their information, can withdraw their consent and can see who has accessed their documents. The platform does not request passwords for banking applications and has no access to bank accounts. Loans through TadbirCore are available only to existing legal entities and individual entrepreneurs.
TadbirCore plans to launch a mobile application and Telegram bot, while microfinance organisations will also be added to the platform.
For entrepreneurs who do not pass the initial screening, the system will eventually provide guidance on which criteria they failed to meet and notify them when they become eligible.
