Finance

Uzbekistan Issues 35.9bn Soums in Poverty Reduction Loans

Uzbekistan Issues 35.9bn Soums in Poverty Reduction Loans
Uzbekistan Issues 35.9bn Soums in Poverty Reduction Loans / Photo: AI-generated image.

Tashkent, Uzbekistan (UzDaily.uz) — Commercial banks in Uzbekistan had issued 2,362 loans worth a total of 35.9 billion soums under the From Poverty to Prosperity programme as of 1 October 2026.

The financing is intended to help people purchase equipment and other fixed assets to expand their income sources, develop self-employment and establish small-scale production.

The largest share of the funding went towards sewing equipment. A total of 13.2 billion soums was allocated to finance the purchase of 925 sewing machines. Another 7.1 billion soums went towards 419 units of food production equipment.

The loans also financed the purchase of 496 laptops worth 5.6 billion soums and 272 motor vehicles worth 5.4 billion soums. A further 4.5 billion soums was allocated for 250 other fixed assets.

Xalq banki led the banks by lending volume, issuing 1,587 loans worth 23.6 billion soums. Mikrokreditbank provided 569 loans totalling 8.6 billion soums, while Agrobank issued 206 loans worth 3.6 billion soums.

By region, the largest number of loans was issued in Jizzakh Region, with 321. Tashkent Region followed with 307 loans, while Syrdarya Region recorded 262.

The programme aims to support business initiatives, increase household incomes and create additional sources of earnings by helping people acquire equipment and other assets needed to carry out economic activities.

Anvar Umarov
Anvar Umarov

Anvar Umarov is the founder and editor-in-chief of UzDaily, a leading business and news publication covering Uzbekistan and Central Asia. With over 20 years of experience in journalism, he has also worked as a PR manager for both state and private organizations, bringing a broad perspective on media, communications, and public affairs to his editorial leadership.