According to the regulator’s official data, as of December 1, 2025, the total loan portfolio of microfinance institutions operating in Uzbekistan reached 10.23 trillion soums. This figure stands out as it increased by 2.88 trillion soums over the past year—nearly 40%.
For comparison, on December 1, 2024, the microfinance sector’s portfolio was around 7.35 trillion soums. While the market saw rapid expansion last year, growth rates slowed to some extent in 2025. Nevertheless, the sector continues to maintain strong momentum and remains an important source of financing for households and small businesses.
Importantly, the rise in lending volumes did not lead to a deterioration in portfolio quality. On the contrary, by the end of 2025 the share of non-performing loans (NPL) stood at 2.6%. This is virtually unchanged compared to the 2.5% recorded a year earlier, and even shows a slight improvement.
Experts note that such steady growth in the microfinance market indicates rising demand for financial services among the population, while risk management systems have been put in place quite effectively. This suggests the sector’s role in the economy will continue to strengthen in the coming years.
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