Summary of Proposed Investment
Project Number
10355
Company Name
JOINT-STOCK COMPANY UZBEK LEASING INTERNATIONAL AO
Date SPI Disclosed
Aug 22, 2001
Country
Uzbekistan
Industry
Financial Markets
Projected Board Date
Sep 21, 2001
Status
Completed
Sector
Leasing Services
Department
Global Industry, Financial Markets
Environmental Category
FI
Previous Events
Approved : Oct 18, 2002
Signed : Dec 30, 2002
Invested : Apr 25, 2003
Project Description
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.
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.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Bakhodir Youldashev, CEO
Uzbek Leasing International A.O.
International Banking and Finance Center
6th floor, 1, Turab Tula Str.
700003 Tashkent
Uzbekistan
Uzbek Leasing International A.O.
International Banking and Finance Center
6th floor, 1, Turab Tula Str.
700003 Tashkent
Uzbekistan