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DOI: Analysis Of The Current State Of Microfinance Practice Of Commercial Banks
Nilufar Ilhomovna Sultanova , 1st Stage Doctoral Student, Tashkent State University Of Economics, UzbekistanAbstract
This article analyzes the microfinance practices of commercial banks operating in Uzbekistan. Microcredits offered by commercial banks in the country are subject to certain conditions, such as a guarantee or work experience, the existence of age restrictions, which reduces the attractiveness of microcredits offered by commercial banks among the population.
The purpose of the study is to scientifically substantiate the above problems and make recommendations based on the analysis of microfinance activities of commercial banks.
As a result of the study, the following recommendations were made:
The development of non-bank microcredit organizations in the country will reduce the microcredit risks of commercial banks;
It is advisable to direct soft loans provided by the state to small businesses and private entrepreneurs in the country to non-bank microfinance institutions, rather than to banks with a state share.
Keywords
Microfinance, commercial bank
References
Decree of the President of the Republic of Uzbekistan "On the state program for the implementation of the strategy of actions in five priority areas of development of the Republic of Uzbekistan in 2017-2021" in the "Year of Science, Enlightenment and Digital Economy" No-5953. 02.03.2020. https://lex.uz/docs/4751561?ONDATE=03.03.2020
Resolution of the Board of the Central Bank of the Republic of Uzbekistan "On approval of the Regulation on the procedure for allocating microcredits by commercial banks to ensure employment." [Registered by the Ministry of Justice of the Republic of Uzbekistan on February 22, 2018, registration number 2975] https://uzpsb.uz/general-information/innformation-disclosure/a-oli-industrial-to-provide-tizhorat-banks-microcredits -azhratish-order-t-risi /
Decree of the President of the Republic of Uzbekistan dated 23.07.2019 No PP-4400 "On measures to increase the popularity of microfinance services." https://lex.uz/docs/4435438
https://uz.sputniknews.ru/economy/20190725/12084781/Uzbekistan-sistema-mikrokreditovaniya.html
Mamatov B.S. Issues of microfinance of small business and private entrepreneurship. International electronic journal "Finance and Accounting". №1, February, 2017. www.interfinance.uz
Tursunov R.T. The role of lending in increasing the share of small business and private entrepreneurship in the country's economy. Scientific electronic journal "Economy and Innovative Technologies". № November 2, 2011. http://iqtisodiyot.tsue.uz/sites/default/files/maqolalar/43_P.T.Tursunov.pdf
Mamuta, Mikhail & Sorokina, Olga. (2015). Introduction to microfinance. Global Markets and Financial Engineering. 2. 143. 10.18334 / grfi.2.2.539.
Data of the Central Bank of the Republic of Uzbekistan. http://www.cbu.uz/oz/
Review: on certain conditions you can get a microloan in a bank in Uzbekistan. https://www.spot.uz/ru/2019/04/08/microloan/
Data of the Central Bank of the Republic of Uzbekistan. http://www.cbu.uz/oz/credit-organizations/
Data of the Central Bank of the Republic of Uzbekistan. http://www.cbu.uz/oz/credit-organizations/
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