News and Events
Credit Unions Assets Exceed $52 Million (USAID Newsletter 09/2008)
During the first half of 2008, assets of the Uzbek credit unions exceeded 70 billion Uzbek Soums ($52 million). Uzbekistan currently has 60 credit unions with over 80,000 members. Through the World Council of Credit Unions (WOCCU), USAID has helped draft legislation, facilitated creation of a number of credit unions, and has been providing assisting in improving their services.
The first credit unions in Uzbekistan appeared with USAID support in 2002 after adoption of the Law On Credit Unions. Currently credit unions operate in most regions of Uzbekistan, with a majority in Tashkent city.
