Home Mikrokredit Tashkiloti Oasiscredit (Oasis) Mikrokredit Tashkiloti Oasiscredit (Oasis)Oasis loan officers visit bazaars talking to the business owners In brief Inspiring Development sought to establish a new microfinance company called Oasis Microfinance in Uzbekistan, one of the few remaining underdeveloped microfinance markets in Asia. Oasis loan officers visit bazaars talking to the business owners Main development impact Finnfund anticipates strong development impacts from additional seed round equity investment enabling the offering of MSME and SME financing to a largely underserved population and market in peri-urban and rural areas of Uzbekistan. In addition, Finnfund will support Inspiring Development, which has good existing know-how and readiness, in implementing sound ESG practices in the company. Finnfund will also facilitate the implementation of the 2X criteria in the project with the Inspiring Development team to advance gender equality broadly within the company and among the clientele. Investment details Name: Mikrokredit Tashkiloti Oasiscredit (Oasis) Project number: 80000342 Region: Europe and Central Asia Country: Uzbekistan Sector: Financial institution Signing date (month/year): March 2022 Currency: USD Finnfund's financing (commitment): 2,500,000 Instrument: Equity Size of the project financing: USD 7,500,000 Share of Finnfund's financing (%): 33,30 % Status: Active Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year.March Read our transparency and disclosure policy More information: Ajankohtaista ja julkaisut Nykyiset investoinnit Toimialat Yhteystiedot Key facts Name: Mikrokredit Tashkiloti Oasiscredit (Oasis) Sector: Financial institution Region: Europe and Central Asia Country: Uzbekistan Currency: USD Finnfund's financing (commitment): 2,500,000 Signing date (month/year): March 2022 Last update: September 2022