Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes to the partner.

Partner Description:

Imkon Finans is an Uzbek MFI established in 2011 in Andijan (Fergana Valley). It serves people from rural areas and small towns in the region, providing loans for working capital, small investments, purchase and sales of debt obligations, accompanied by information and consulting services. By 2018, following the liberalization of the Uzbek economy, Imkon emerged as an outstanding player in the rural microfinance market of the region, with an operational increase of more than 4 times. Notably, Imkon Finans is one of the first local MFIs that extended loans to women entrepreneurs and plans to further develop dedicated loans for women as well as disadvantaged entrepreneurs.

A unique lending approach:

Imkon Finans is a financially sustainable organization with formal plans to extend its activities within the region and country, diversify its products and services, and digitize its operations to better respond to increased and diversified demand. By 2023, to ensure the financial resources necessary to achieve the development targets, Imkon initiated funding negotiations with other international financiers with socially driven goals, such as BOPA and MCE Social Capital.