The implementation of the Microfinance Program, implemented by the Center, began in 2001 with the support of the Netherlands Organization for International Development - NOVIB.
And subsequently, NOVIB provided support in the organizational and institutional development of the SED "Sabr" Center.
In November 2006, the microfinance program was registered as a Subsidiary “Microcredit Organization Sabr”. In 2016, DP "MCO Sabr" was transformed into LLC "MCO Sabr".
Services offered by LLC "Microcredit Organization Sabr":
Issuance of microloans to the population of target districts: Target group: economically active low-income strata of the population of rural regions of the Samarkand region: Urgut, Ishtykhan, Payaryk, Taylyak, Akdarya districts;
Conducting trainings on the fundamentals of a market economy, financial management in order to improve the primary business skills of clients;
Microfinance consulting services.
Benefits of microfinance services:
Convenience in filling out the documentation;
Convenience in choosing the timing and size of microfinance services;
Lack of collateral;
Issuance of microloans in various forms;
Clients of LLC "MCO Sabr" are: women 75%, men 25%
The average age of clients is 34 years.
Microfinance program performance results
Thanks to the simplified scheme of providing microfinance services, more and more rural residents are interested in becoming our clients.
The villagers involved in our program were able to save money, develop business, and improve the quality of food and life in general. Their satisfaction with the quality of life has increased, gender relations and roles have changed. Thanks to the increased income, clients participating in microfinance were able to purchase real estate, expensive household appliances, vehicles, building materials and other costs to improve their quality of life.
Significant changes have also taken place in business, which means business expansion, quality improvement and an increase in the range of goods. The well-being of families - recipients of loans is growing.