Uzbekistan: Small Business and Entrepreneurship Development Project

Sovereign Project | 42007-014 Status: Active

Summary

ADB is helping Uzbekistan expand financial services to small businesses, particularly those run by women and those in rural areas. The project will strengthen the capacity of participating commercial banks to provide loans to these small businesses. At least 30% of the loans will be to women’s small businesses and at least 50% will be to small businesses outside the city of Tashkent.

Latest Project Documents

Consulting Notices See also: CMS

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Procurement Notices See also: Operational Procurement

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Procurement Documents


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Project Name Small Business and Entrepreneurship Development Project
Project Number 42007-014
Country Uzbekistan
Project Status Active
Project Type / Modality of Assistance Loan
Technical Assistance
Source of Funding / Amount
Loan 3043-UZB: Improving Rural Small Business Access to Finance
Ordinary capital resources US$ 50.00 million
TA 8480-UZB: Improving Rural Small Business Access to Finance
Technical Assistance Special Fund US$ 500,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Private sector development
Sector / Subsector

Finance - Inclusive finance - Small and medium enterprise finance and leasing

Gender Equity and Mainstreaming Effective gender mainstreaming
Description
Project Rationale and Linkage to Country/Regional Strategy
Impact

Project Outcome

Description of Outcome
Progress Toward Outcome ongoing
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)

Eight sessions on training of trainers (TOT) were provided to the two participating commercial banks with focus on business plans, marketing, and risk management.

Various training sessions were provided to the two participating commercial banks with emphasis on women's needs and concerns pertaining to their small businesses

Geographical Location Nationwide

Safeguard Categories

Environment FI
Involuntary Resettlement FI-C
Indigenous Peoples FI-C

Summary of Environmental and Social Aspects

Environmental Aspects The loan is categorized as Financial Intermediation (FI) for environment. Subprojects categorized as A for environment will not be eligible for financing under this project. Each PCB will have in place or establish an appropriate environmental and social management system (ESMS) acceptable to ADB to ensure proposals for subprojects are screened for environment and social impacts and (if applicable) mitigating measures are in place. The PCBs' ESMS should include all the elements of the ESMS template, including the subproject screening checklist
Involuntary Resettlement The loan is categorized as Financial Intermediary (FI treated as C) with respect to involuntary resettlement. When there is a need from the subborrowers to acquire fixed assets under the credit loan activities, the acquisition must be based on the willing buyer and willing seller mechanism and not involve involuntary land acquisition under eminent domain. Such transaction must be supported with the relevant due diligence documents from the PCBs and the clients and recorded in the project s ESMS.
Indigenous Peoples The FIL is categorized as Financial Intermediary (FI treated as C) for indigenous peoples. The PCBs will ensure the inclusion of potential small business clients and subborrowers from ethnic minority groups in the country through project s outreach, technical assistance training activities fitting to the distinctive needs and characters of the groups and credit loan to the eligible clients.
Stakeholder Communication, Participation, and Consultation
During Project Design Consultations with all stakeholders will be held during project preparation, including community meetings, interviews, and focus group discussions.
During Project Implementation Both PCBs have fully liquidated the $25million each subloans allocated. Loan was financially closed on 20 January 2016 and have requested the Government and participating commercial banks to prepare its project completion report.

Business Opportunities

Consulting Services Consulting assignments for the international and national positions were advertised in January-February 2014. Expressions of interests for the international and national positions were reviewed, evaluated, and shortlisted. Government's no-objection to the shortlists has been received. The selected consultants have been fielded once. The next mission comprised of the consultants will take place in October 2014.
Procurement Not applicable as this is a credit line

Responsible Staff

Responsible ADB Officer Aliya Mukhamedyarova
Responsible ADB Department Central and West Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, CWRD
Executing Agencies
Ministry of Finance
5 Mustaqiliik Square
Tashkent 100008
Republic of Uzbekistan

Timetable

Concept Clearance 15 Jun 2013
Fact Finding 20 May 2013 to 28 May 2013
MRM 22 Jul 2013
Approval -
Last Review Mission -
Last PDS Update 30 Mar 2016

Loan 3043-UZB

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
01 Oct 2013 21 Nov 2013 28 Feb 2014 31 Dec 2017 - 20 Jan 2016
Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 133.33 Cumulative Contract Awards
ADB 50.00 01 Oct 2013 50.00 0.00 100%
Counterpart 83.33 Cumulative Disbursements
Cofinancing 0.00 01 Oct 2013 50.00 0.00 100%

TA 8480-UZB

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
01 Oct 2013 07 Nov 2013 07 Nov 2013 31 Dec 2015 31 Dec 2016 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
500,000.00 0.00 50,000.00 0.00 0.00 0.00 550,000.00 01 Oct 2013 283,784.21

Safeguard Documents See also: Safeguards

Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

Evaluation Documents See also: Independent Evaluation

None currently available.

Related Publications

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