Delta 11
Luffaci holds one of their homemade eco-sponges. The company produces these sustainable sponges from loofah, a type of vegetable, as an alternative to synthetic variants. Thanks to a loan from Delta, Luffaci was able to expand production and intensify cooperation with local farmers.
The project
Luffaci produces fully natural eco-sponges made from locally sourced luffa, also known as sponge gourd, dyed with environmentally friendly colorants. In doing so, the company offers a sustainable alternative to synthetic sponges. To continue growing, Luffaci needed financing.
With a microloan from Delta, Luffaci was able to scale production to 15,000 sponges per month, purchase more luffa from local farmers in Uzbekistan, and expand into international markets. The collaboration with local farmers also contributes to additional economic development in the region. As Luffaci grows, so does the surrounding community.
Delta provides loans to small and medium-sized entrepreneurs in Uzbekistan, both in urban and rural areas. In this way, the institution makes financing accessible to entrepreneurs who cannot access traditional bank loans, giving them the opportunity to grow their businesses.
With your investment in Delta, you help provide entrepreneurs like Luffaci with the financing they need to continue working toward a more sustainable future.
Your investment
- Annual interest rate of 6.5%
- With an investment of 1,000 euros, your expected total repayment would be 1,081 euros
- Maturity: 24 months
- Repayments: every 6 months
Delta
Impact
Despite recent progress, Uzbekistan still faces challenges. In 2023, unemployment fell to 6.8%, but poverty, especially in rural areas, remains a major issue. Many small business owners struggle to secure the funding they need to grow their businesses and create jobs.
Delta addresses this by offering microloans and providing entrepreneurs with advice, training, and market insights. With new branches opening in rural areas, Delta’s support is becoming even more accessible, fostering economic stability.
By investing in Delta, you’re giving entrepreneurs the opportunity to grow their businesses and strengthen Uzbekistan’s economy.
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