Uzbekistan Leasing 2

completed

Established in 1996 with a share capital of US$4 million, the company is an existing IFC client which provides medium term financial leases for industrial equipment and machinery. Without access to additional financing the company will not be able to grow its portfolio, which could threaten its sustainability. The proposed project will address Uzbek Leasing International A.O. funding needs. The company''s clients are small and medium size private enterprises, the growth of which is critical for the development of Uzbekistan''s economy. Without access to term finance, these companies are unable to implement investment plans and modernize existing facilities. The project will address the scarcity of term financing available to fund imported production equipment in Uzbekistan. In addition to the provision of funding, otherwise unavailable to the company, IFC''s role in this project is to provide comfort to other shareholders.