Further EBRD support for MSMEs and young entrepreneurs in Uzbekistan
Uzbekistan, May 15 -- The European Bank for Reconstruction and Development (EBRD) is providing fresh funds in support of micro, small and medium-sized enterprises (MSMEs) and young entrepreneurs in Uzbekistan by offering a credit line of up to US$ 15 million (€13.1 million) to privately owned financial institution Davr Bank.This credit line will consist of two elements, the first being a senior loan of up to US$ 10 million (€8.7 million) under the EBRD's Youth in Business programme in Central Asia that targets MSMEs led or owned by individuals under the age of 35.In addition to financing, those young entrepreneurs will also benefit from training, advisory services and networking opportunities offered through the Bank's Advice fo...
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