Microcreditbank Issues 55,4bn Soums to Small Businesses
OREANDA-NEWS. February 05, 2009. Microcreditbank earmarked micro finance resources for 55.4 billion soums in 2008, of which 40.7 billion soums fell to share of micro credits and 14.7 billion soums to micro leasing.
The bank issued credits for 4.877 billion soums to 4,439 low income families to stimulate growth of cattle in ancillary, dehkan and farm entities and expansion of production of cattle products.
Microcreditbank allocated 1.126 billion soums to purchase cattle and 1.454 billion soums to buy seeds of potato, melons and gourds, vegetable and saplings.
The bank allocated 173 billion soums of soft credits to farms from the resources of Finance Ministry, including 141 billion soums to cotton producers and 32 billion soums to wheat producers.
Microcreditbank launched 25 types of deposits for population and attracted 32 billion soums to them.
The bank also worked on introduction of plastic cards. At the end of 2008, the bank issued 134,000 plastic cards and transaction on them comprised 31.3 billion soums.
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