Microfinance
Microfinance is much more than simply an income generation tool.
By directly empowering poor people, particularly women, it has
become one of the key driving mechanisms towards meeting the
Millennium Development Goals, specifically the overreaching target
of halving extreme poverty and hunger by 2015.
-Mark Malloch Brown
Administrator of the United Nations Development Programme (UNDP).
At present providing access to microfinance services becomes of great importance in the process of poverty reduction in the countries of Central Asia. Microfinance supports income generation and job creation, engages poor people in economic processes through expanding new markets and economic opportunities. In conditions of reducing budget expenses microfinance can be considered as good alternative to social payments that is moreover stimulates business activity of population.
Microfinance plays special role in the countries of Central Asia because it allows to increase the effect from granting an opportunity to be engaged in business due to high educational level and professional skills of the population.
This subsection provides access to useful resources on microfinance in the countries of Central Asia, including to information on existing opportunities and institutions in the microfinance area.
Useful links
Publications and research papers
- Microfinance in Central Asia
- Microfinance in Kazakhstan
- Microfinance in Kyrgyzstan
- Microfinance in Tajikistan
- Microfinance in Turkmenistan
- Microfinance in Uzbekistan
Microfinance institutions
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