funding gap emerging markets

Vodiy Taraqqiyot Kredit is a microfinance company founded in 2014 in the Buvayda district of Fergana region in the Republic of Uzbekistan. The company started with modest assets of USD 1.0 mln and a small market share. As of today, the assets of the company grew to USD 19.0 mln, split between 5 branches located in different regions of the country.

Vodiy focuses on making a significant social impact. Their main beneficiaries are micro-business clients, including women entrepreneurs, individual entrepreneurs, and craftsmen who lack alternative sources of finance. Their primary goal is to bridge the gap and provide crucial financial support to micro, small, and medium-sized enterprises (MSMEs) that face limited access to traditional banking services.

Today Vodiy Taraqqiyot Kredit is 106 employees strong. The company was able to achieve good results through a well-chosen strategy combined with an effective team of experienced employees.

General information

BorrowerVodiy Taraqqiyot Mikromoliya Tashkiloti
Head officeBuvayda District, Fergana Region
Founded 1 March 2014
Active on Lendahand since15 August 2023
Credit ScoreB+

Financial information per 2023-03-31

Portfolio Overview€17,472,392
Leverage ratio56.18%
Write-off ratio last 12 months1.11%
% investment amount in arrears (>90 days)0.79%

About Uzbekistan

Uzbekistan is located in the heart of Central Asia, between two large rivers Amu Darya and Syr Darya. History of nations, living on this territory, is more than thousand years. As of 2022, Uzbekistan has the largest population out of all the countries in Central Asia. Its 36 million citizens comprise nearly half the region's total population. The Government of Uzbekistan has developed an ambitious set of reforms in recent years, but more are needed to continue to spur private sector-led growth and job creation. Notably, reducing the dominance of state-owned enterprises and opening up key sectors of the economy to competition would strengthen market incentives and sustainability.

Last funded project