Ipak Yuli Bank
A significant part of Uzbekistan's population still has no or limited access to bank services. Ipak Yuli Bank currently services over 8,000 micro, small and medium-sized enterprises, that play an important role in the growth of the economy. Product innovation is high on Ypak Yuli Bank’s agenda. To give an example: the bank will look into the possibilities to develop green financing; this could be loans to buy solar equipment.
Triodos Microfinance Fund and Triodos Fair Share Fund have provided a loan to Ipak Yuli Bank to further realise its growth ambitions. This loan fits the Triodos funds' strategy to stimulate the SME (small and medium-sized enterprises) sector in emerging and developing economies.
KEY INDICATORS as of 31 December 2016:
- number of loan clients: 8,526
- percentage of female clients: 41%
- percentage of rural clients: 16%
- average loan amount: EUR 40,194
- number of savings clients: -
Whoever you are, and wherever you live in the world, you are likely to want permanent access to financial services. Microfinance banks play a crucial role providing access to finance to an increasing number of people living on low-incomes. We finance microfinance institutions because they help to build inclusive financial sectors, where the majority of people have access to financial services, leading to a sustainable basis for balanced social and economic development.