Hamkorbank Expanding Access to Credit for Micro, Small and Medium-Sized Enterprise and Agriculture Borrowers Project: FAST Report
Faster Approach to Small Nonsovereign Transactions | April 2021
The transaction entails the Asian Development Bank (ADB) providing financing in sum to JSCB Hamkorbank (HMK) for onlending to micro, small, and medium-sized enterprises (MSMEs) and agricultural borrowers. Access to finance, especially in local currency, has always been challenging in Uzbekistan and has been further exacerbated by the coronavirus disease (COVID-19) pandemic. Most (80%) of ADB’s loan proceeds will be onlent to borrowers outside of Tashkent.
This report describes the terms and conditions of a project for consideration for approval by ADB under the Faster Approach to Small Nonsovereign Transactions (FAST) framework.
This document dated April 2021 is provided for the ADB project 53332-001 in Uzbekistan.