(MENAFN- Trend News Agency) TASHKENT, Uzbekistan, March 6. The European
Bank for Reconstruction and Development (EBRD) is providing a $10
million loan for women entrepreneurs to Ipoteka Bank, Uzbekistan's
leading private lender, controlled by the OTP Group of Hungary,
Trend reports.
The loan is for women entrepreneurs under the EBRD's Central
Asian Women in Business (WiB) program.
Moreover, the loan is supported by grant financing from the
Women Entrepreneurs Finance Initiative (We-Fi) organization and is
designed to promote women's entrepreneurship and business
development by helping them access finance, technology, and
technical advice.
Meanwhile, EBRD is providing a $10 million loan to Ipoteka Bank
to improve access to renewable energy and energy efficiency
technologies for small businesses and private entrepreneurs.
In total, EBRD is promoting green and inclusive lending in
Uzbekistan by offering a financing package of up to $20 million to
Ipoteka Bank.
Uzbekistan is the leading recipient of EBRD funding in Central
Asia for the fourth year running. To date, the Bank has invested
around 4.28 billion euros in 147 projects across the country, with
most of those funds supporting private entrepreneurship.
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