Uzbekistan: Small Business Finance Project
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
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Project Officer
Mukhamedyarova, Aliya
Central and West Asia Department
Request for information -
Country/Economy
Uzbekistan -
Modality
- Technical Assistance
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Sector
- Finance
Related Projects
| Project Name | Small Business Finance Project | ||||
| Project Number | 42007-017 | ||||
| Country / Economy | Uzbekistan |
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| Project Status | Closed | ||||
| Project Type / Modality of Assistance | Technical Assistance |
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| Source of Funding / Amount |
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| Strategic Agendas | Environmentally sustainable growth Inclusive economic growth |
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| Drivers of Change | Gender Equity and Mainstreaming Governance and capacity development Knowledge solutions Partnerships Private sector development |
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| Sector / Subsector | Finance / Finance sector development |
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| 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. | ||||
| Impact | |||||
| Project Outcome | |
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| 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 | |
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| 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 |
| Timetable | |
|---|---|
| Concept Clearance | - |
| Fact Finding | - |
| MRM | - |
| Approval | 05 Nov 2015 |
| Last Review Mission | - |
| Last PDS Update | 30 Mar 2016 |
TA 8986-UZB
| Milestones | |||||
|---|---|---|---|---|---|
| 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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| Title | Document Type | Document Date |
|---|---|---|
| Second Small Business and Entrepreneurship Development: Initial Poverty and Social Analysis | Initial Poverty and Social Analysis | Nov 2015 |
| Second Small Business and Entrepreneurship Development: Project Preparatory Technical Assistance Report | Project Preparatory Technical Assistance Reports | Nov 2015 |
Safeguard Documents See also: Safeguards
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None currently available.
Evaluation Documents See also: Independent Evaluation
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Related Publications
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Tenders
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Contracts Awarded
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Procurement Plan
None currently available.