Microsoft Word Microfinance development in Uzbekistan Eng doc

Section 2. An Analysis of Microfinance Development in Uzbekistan
 
11 
2.1. Activities of Non-Government, Non-Profit Microfinance Organizations 
13 
2.2. Microfinance Services through Commercial Banks 
17 
2.3. Microfinance services through Credit Unions
19 
2.4. Credit Lines of Non-Budgetary Funds and International Financial 
Institutions 
21 
Section 3. Analysis of the Legal and Regulatory Framework for 
Microfinance
23 
Section 4. Problems of Microfinance which Require Legislative Solutions 
4.1. Regulation of MFOs
28 
4.2. Taxation of MFOs 
32 
4.3. Access to External Sources of Borrowing
33 
4.4. Maximum Loan Amount and Interest Policy
35 
Section 5. An Assessment of the Demand for Microfinance Services in 
Uzbekistan
36 
Conclusion 
 
44 
Bibliography
 
46 
Annex 1. Brief Outcomes of a Sociological Survey of MFOs and their Clients 
Annex 2. Draft Resolution “On Measures for the Further Development of 
Microfinance in the Republic of Uzbekistan”. 
Annex 3. Draft Law “On micro-credit and micro-credit organizations” 
 

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List of Abbreviations 
 
 
CM 
Cabinet of Ministers 
GDP 
Gross Domestic Product 
MFI Microfinance 
Institution 
MFO Microfinance 
Organization 
CU
Credit Union 
NGO-MFO 
Non-Government, Non-Profit Microfinance Organization 
ADB 
Asian Development Bank 
EBRD 
European Bank for Reconstruction and Development 
CAMFA 
Central Asian Microfinance Alliance 
BWAK 
Business Women’s Association of Karakalpakistan 
KRBI 
Karakalpak Republican Business Incubator 
IFC International 
Finance 
Corporation 
UNDP 
United Nations Development Programme 
USAID 
U.S. Agency for International Development 
JSC Joint-Stock 
Company 
LLC 
Limited Liability Company 
CC Civil 
Code 
NICI 
National Institute of Credit Information 
ICB
Interbank Credit Bureau 
WF Wage 
Fund 
EF Employment 
Fund 
AC 
Authorized C
apital