Microloans account for 60.8% of the credit market

Microloans have become the most popular type of credit in Uzbekistan. In 2024, microloans accounted for 60.8% of all loans.

Previously, people turned to friends or informal lenders, but now they increasingly rely on banks. This simplifies the process but may increase credit risks.

Proper regulation of the credit market is crucial to avoid high interest rates and excessive debt. Banks that quickly adapted to the growth of microloans are now benefiting. Follow “Zamin” news on “Telegram”