Microloans have become the most popular type of credit in Uzbekistan . In 2024, 60.8% of all loans were microloans.
Previously, people would turn to friends or informal lenders, but now they are increasingly approaching banks. While this process makes it easier, it may increase credit risk.
Proper regulation of the credit market is important, especially to avoid high interest rates and excessive debt. Banks that quickly adapt to the growth of microloans are benefiting.
