In 2024, the total amount of loans issued by microfinance organizations and pawnshops reached 16 trillion soms.

The number of microfinance organizations with foreign capital has increased by 5 compared to last year, reaching 20 in 2024 (12 microfinance organizations and 8 pawnshops).

The highest number of active microfinance organizations and pawnshops is concentrated in Tashkent (44 microfinance organizations and 47 pawnshops) and the Fergana region (19 microfinance organizations and 4 pawnshops). The Republic of Karakalpakstan and the Kashkadarya region each registered one head office.

As for branches, Tashkent has 26 pawnshop branches and 24 microfinance organization branches, while the Syrdarya region has 2 and 5, respectively.

From January to December 2024, microfinance organizations and pawnshops issued loans totaling 16 trillion soums, which is 85% more than in the same period last year. Of this amount, 89% (14.4 trillion soums) was allocated to microfinance organizations and 11% (1.8 trillion soums) to pawnshops.

The growth rate of lending was 104.5% for microfinance organizations and 10% for pawnshops.

Of the issued loans, 15.2 trillion soums (94%) were to individuals, while 963 billion soums (6%) were to legal entities.

In the structure of lending, the share of online loans for the 12 months of 2024 constituted 54%, which is 25 percentage points higher than in the same period last year.

The sharp increase in online lending volumes is attributed to the rise in purchases of goods and raw materials by individuals through the "Uzum Market" platform, the "Uzum Tezkor" delivery service, and other retail points connected to "Uzum Nasiya." Significant contributions were also made by microfinance organizations "Shaffof-Moliya" (which issued 5 trillion soums in online loans) and "Tezcoin" (2 trillion soums).

Microfinance organizations are permitted to provide Islamic financial services, such as "murabaha," "Islamic leasing," "salam," "musharaka," and "mudharaba." In 2024, these services accounted for 1.1 billion soums in "murabaha" format and 7.4 million soums in "Islamic leasing" format.

Segmentation of loans issued to individuals from January to December 2024 revealed that 46% of loans were for amounts up to 10 million soums, 25% for loans from 20 to 50 million soums, 15% for loans from 50 to 100 million soums, and 14% for loans from 10 to 20 million soums.

At the same time, the share of loans between 20-50 million soums decreased from 46% in 2023 to 25% in 2024. A similar trend was observed for loans in the range of 10-20 million soums, whose share fell from 16% to 14%.

Conversely, the volume of loans up to 10 million soums increased by 13%, and their share in the total volume of lending to individuals reached 46%.

There was also a significant increase in the volume of large loans. Specifically, the share of loans ranging from 50-100 million soums rose from 5% in 2023 to 15% in 2024. This is due to changes in legislation that increased the maximum amount of microloans for individuals from 50 to 100 million soums.

The volume of loans allocated to legal entities was distributed as follows: the share of loans up to 50-100 million soums accounted for 30%, up to 50 million soums for 29%, from 100 to 200 million soums for 25%, from 200 to 300 million soums for 14%, and over 300 million soums for 2%.

Changes in the share of these loans this year compared to last year showed that loans in the range of 50-100 million soums decreased by 21 percentage points, amounting to 30%, while loans over 300 million soums fell by 4 percentage points to 2%.

In contrast, the share of loans up to 50 million soums in the total volume of loans issued to legal entities increased by 25 percentage points to 29%. The share of loans from 100 to 200 million soums also rose by 1 percentage point, reaching 25%.

As of January 1, 2025, the total asset volume of microfinance organizations and pawnshops amounted to 8.4 trillion soums, which is 1.7 times more than in the same period last year. Specifically, the assets of microfinance organizations increased 1.8 times (by 3.4 trillion soums), reaching 7.9 trillion soums, while the assets of pawnshops grew 1.5 times (by 162 billion soums), totaling 498 billion soums.

Of this, 99% (8 trillion soums) of the total assets of microfinance organizations and pawnshops were attributed to loan investments. The growth in assets was primarily driven by an 1.8-fold increase in the volume of loan investments, which included a 1.9-fold increase in microfinance organizations and a 1.5-fold increase in pawnshops. As a result, the share of loans from microfinance organizations and pawnshops in the total loan portfolio of all credit institutions at the end of 2024 reached 1.5%.

The balance of microloans issued to individuals by microfinance organizations and pawnshops increased 1.8 times compared to the same period last year, amounting to 7.1 trillion soums. The volume of consumer loans grew 2.5 times, reaching 12.4 billion soums. The balance of microloans issued to business entities rose nearly 2.1 times, totaling 379 billion soums, while the volume of leasing services increased 8.5 times, reaching 93.1 billion soums, and the volume of factoring services grew by 1.2 billion soums, amounting to 9.5 billion soums.

Delinquent loans (NPL) in microfinance organizations increased by 0.3 percentage points since the beginning of 2024, reaching 2.4% (balance – 184 billion soums). The growth in overdue debt is explained by an increase in the share of "doubtful" loans in the overall loan portfolio to 2.1%, and the share of "hopeless" loans to 0.3%.

The NPL coverage ratio decreased by 4 percentage points compared to the same period last year, standing at 57% at the end of 2024. This indicator is attributed to an increase in problematic loans in microfinance organizations in 2024 by 97 billion soums, which is 110 percentage points more than the previous year.

The total liabilities of microfinance organizations and pawnshops in 2024 doubled (by 2.7 trillion soums), amounting to 5.5 trillion soums. Specifically, the liabilities of microfinance organizations increased twofold (by 2.6 trillion soums), reaching 5.4 trillion soums, while those of pawnshops tripled (by 80 billion soums), totaling 121 billion soums.

The total liabilities of microfinance organizations as of January 1, 2025, compared to the same period last year, increased by 97%, amounting to 5.4 trillion soums. Of this, 16% came from founders' funds, 47% from commercial banks, 7% from international financial institutions, 14% from local companies, 2% from bond placements, and 14% from other liabilities.

The attracted funds included an increase in founders' capital by 1.9 times (by 397 billion soums), resources from commercial banks by 2 times (by 1,283 billion soums), funds from international financial institutions by 1.7 times (by 154 billion soums), resources raised from local companies by 3.2 times (by 516 billion soums), and funds received from bond placements by 2.9 times (by 72 billion soums).

The total liabilities of pawnshops as of January 1, 2025, increased by 194% compared to the same period last year, reaching 121 billion soums. Of this, 64% came from founders' funds, 18% from attracted resources from commercial banks, and the remaining 18% from other liabilities. In the structure of pawnshop liabilities, founders' capital increased by 2.4 times (by 45 billion soums), resources from commercial banks by 4.6 times (by 17 billion soums), and funds raised from local companies by 5.4 times (by 19 billion soums).

The total capital of microfinance organizations and pawnshops as of January 1, 2025, increased by 1.4 times (by 847 billion soums), reaching 2.9 trillion soums. Specifically, the capital of microfinance organizations rose by 1.4 times (by 764 billion soums), amounting to 2.5 trillion soums, while the capital of pawnshops increased by 1.3 times (by 83 billion soums), reaching 378 billion