Microsoft Word Microfinance development in Uzbekistan Eng doc

Bibliography 
1. Guiding Principles of Regulation and Supervision in the Microfinance Sector, 
Washington. District of Columbia, 2003. 
2. Economic Review, #11(62), 2004. 
3. Microfinance and poverty issues in Central Asia. World Bank materials, 2004 series. 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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Current microfinance programmes are limited mainly to Karakalpakistan, Kashkadarya province, and regions 
in the Ferghana valley.

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Appendix 1 
 
Brief outcomes of a sociological survey of MFOs and their clients 
(Tahlil Center of Social Research) 
According to the concept and tasks of social research, several target participant groups 
were selected: 
• Entrepreneurs – members of bank and non-bank microcredit programmes; 
• Potential participants of bank and non-bank microcredit programmes among SME 
sector representatives; 
• Bank managers involved in microcrediting and the staff of non-bank microfinance 
institutions, including donor organizations; 
• Staff of government bodies for supervision and control. 
In selecting a sample for the quantitative survey and in-depth interviews, a special 
focus was placed on gender aspects of microfinance and access issues for poor population 
groups. 
The survey was conducted in March/April 2005. A combined approach which utilized 
quantitative and qualitative methods of data collection was selected. A survey of 620 
respondents was conducted by quota sampling during the course of the quantitative stage.
Quotas were formed based upon indicators important to the study’s goals: 
• Types of MFIs where respondents were issued microcredits (banks, CUs, MFOs); 
• Types of microcredit products offered (preferential and commercial bank credits, 
microcredits of non-budget funds, foreign credit lines, group and individual loans, 
MFOs and CUs, including non-cash); 
• Activities of microcrediting programme participants – clients of banks, MFOs, and 
CU members (manufacturing, agriculture, services, trade, etc.). 
Quotas for SME entrepreneurs who had not received microcredits were formed for the 
assessment of needs in microcredit products. A database of the quantitative stage of research 
is available in SPSS and DBASE formats for subsequent analysis. 
In the course of the qualitative research 48 in-depth interviews were conducted 
including 8 interviews with key stakeholders: 
• Bank managers involved in microcrediting and the staff of non-banking MFI, 
including donor organizations; 
• Staff of government bodies for supervision and oversight of the operations of credit 
institutions (Central Bank, tax inspection, justice department, etc.); 
• Participants of bank and non-bank microfinance programmes. 
The processing of information received in the course of in-depth interviews was 
conducted with the use of advanced methods of coding qualitative information. 
8 case-studies involved the credit histories of non-bank microfinance institutions. 
Based upon the localization of existing microfinance programmes, the survey was 
held in 5 regions of Uzbekistan: Kashkadarya, Namangan, Samarkand, Tashkent, and 
Ferghana regions. 
A full version of the results of the sociological survey of the MFO sector is available at the 
Center for Economic Research 

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