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New microfinance organization registers in Uzbekistan

Uzbekistan Materials 17 August 2023 17:26 (UTC +04:00)
New microfinance organization registers in Uzbekistan
Maryana Ahmadova
Maryana Ahmadova
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TASHKENT, Uzbekistan, August 17. The Central Bank of Uzbekistan has included LLC Pullol Business Mikromoliya Tashkiloti in the register of microfinance organizations (MFOs) in the country, Trend reports.

The corporation, which was established in April of this year, has 2 billion soums ($165,786) in authorized capital. The following shares are part of the participants' ownership structure: Alexander Ogay owns 40%, followed by Nadirbek Abdurakhimov with 30% and Andrey Yugay with another 30%.

This week, the regulator also registered Mikromoliya Tashkiloti Poytaxt, another MFI.

In Uzbekistan, there are currently 83 microfinance institutions, a 12 percent increase from the previous year.

MFIs had a turnover of 321 billion soums ($26 million) in the first half of this year, according to information provided by the regulator.

Prior to this, it was also claimed that United Payment Solution had been granted payment organization status by the Central Bank.

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