Uzbekistan: Small Business Finance Project

Sovereign Project | 42007-017

A small-scale project preparatory technical assistance (S-PPTA) will help develop project design for the ensuing financial intermediary loan to the Republic of Uzbekistan for the Small Business Finance Project (project).

Project Details

  • Project Officer
    Mukhamedyarova, Aliya
    Central and West Asia Department
    Request for information
  • Country/Economy
  • Modality
    • Technical Assistance
  • Sector
    • Finance
Project Name Small Business Finance Project
Project Number 42007-017
Country / Economy Uzbekistan
Project Status Closed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 8986-UZB: Second Small Business and Entrepreneurship Development
Technical Assistance Special Fund US$ 225,000.00
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Drivers of Change Gender Equity and Mainstreaming
Governance and capacity development
Knowledge solutions
Private sector development
Sector / Subsector

Finance / Finance sector development

Gender Equity and Mainstreaming Effective gender mainstreaming
Description A small-scale project preparatory technical assistance (S-PPTA) will help develop project design for the ensuing financial intermediary loan to the Republic of Uzbekistan for the Small Business Finance Project (project).
Project Rationale and Linkage to Country/Regional Strategy Small businesses need longer-term funds to expand their production capacity and import modern equipment for their businesses. Financial institutions in Uzbekistan do not have sufficient long-term funds to make long-term loans without creating a maturity mismatch. The proposed Small Business Finance Project will (i) provide participating financial institutions (PFIs), i.e., commercial banks and leasing companies, with longer term funds for onlending to rural and women's small businesses; (ii) provide capacity building technical assistance to PFIs to improve their risk management and increase the number of loan products they offer; and (iii) provide training to small businesses to improve their capacity to borrow. In addition, the project will provide assistance to the government to improve the enabling environment for small business development and access to finance.
Project Outcome
Description of Outcome
Progress Toward Outcome
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design The fact-finding mission was held on 22 February-4 March 2016. The mission held extensive consultations with small businesses, NGOs, government agencies, private sector and development partners have been held on improving access to finance by rural and women's small businesses. On 25 February, over 70 participants from the Women's Committee, heads of regional offices of Trade and Commerce Chamber, Business Women's Association, participating commercial banks discussed the ways to improve access to finance for women-entrepreneurs, and economic gains of gender mainstreaming into financial sector. On 29 February, the mission conducted a round table with representatives of various government agencies and development partners to discuss the Government's reforms on Secured Transactions Regime. The discussions produced useful recommendations to project design. A brain storming sessions was held with the participating financial institutions to discuss the project specific issues.
During Project Implementation
Business Opportunities
Consulting Services MSE Finance and Integrity Experts have been engaged to conduct financial and integrity due diligence of the shortlisted financial institutions.
Procurement xxx
Responsible ADB Officer Mukhamedyarova, Aliya
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
Concept Clearance -
Fact Finding -
Approval 05 Nov 2015
Last Review Mission -
Last PDS Update 30 Mar 2016

TA 8986-UZB

Approval Signing Date Effectivity Date Closing
Original Revised Actual
05 Nov 2015 - 05 Nov 2015 31 Aug 2016 - 28 Dec 2016
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
225,000.00 0.00 0.00 0.00 0.00 0.00 225,000.00 17 Jun 2022 162,891.17

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Procurement Plan

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