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Uzbek fund holds training for female entrepreneurs

Uzbekistan Materials 24 August 2012 16:37
The Uzbek Social Initiatives Support Fund (SISF) is holding a four-day training for women farmers and entrepreneurs from Aug. 22-25 to improve business education and skills
Uzbek fund holds training for female entrepreneurs

Uzbekistan, Tashkent, Aug. 23 / Trend D. Azizov /

The Uzbek Social Initiatives Support Fund (SISF) is holding a four-day training for women farmers and entrepreneurs from Aug. 22-25 to improve business education and skills, the fund said today.

The training was organized together with the British Council in Uzbekistan, the German Society for International Cooperation (GIZ), the National Association of Accountants and Auditors, the State Tax Committee, the Central Bank and a number of Uzbek commercial banks.

The purpose of the training is to increase the knowledge of women farmers and entrepreneurs, launching their business, on the activity of banks, taxation, accounting, record-keeping for different kinds of activity.

Over 800 women are planned to be trained in the basics of business.

The Social Initiatives Support Fund was established in October 2006. The main objective is to consolidate the efforts of active members of Uzbek civil society to jointly implement the projects aimed at the social infrastructure development.

"Support for women farmers and entrepreneurs" project aims to provide Uzbek women with the opportunities to improve economic conditions and quality of life of their families by giving micro-loans, education, increasing education level and experience in the farming and business. SISF has been implementing the project since 2007.

Roughly 789 women received the privileged micro-loans worth 10.631 billion soums in 2011 within the project. More than 2,000 women received preferential loans totaling 15.945 billion soums and created 8,500 jobs for five years of the activity of the fund.

The loans were given by regional branches of commercial banks-SISF partners.

The contest is being annually conducted among the participants of the project. The winners are determined in 11 nominations.

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