Open Joint-Stock Commercial Bank Microcreditbank

Description

Open Joint-Stock Commercial Bank Microcreditbank provides microfinance services for the development of small businesses, private entrepreneurship, and private farming. It offers preferential credits primarily in rural areas for generating initial capital for the establishment of small businesses; and preferential credit funds to entrepreneurial entities for enhancing their working capital, expanding their businesses, and the procurement of materials and resources for processing, producing, and selling finished goods. The company also creates opportunities for entrepreneurial entities to purchase equipment and small processing lines, including under micro-leasing conditions for retooling and updating the processes; provides micro-credits and micro-lease services to private farms and individual peasant farms for the introduction of small processing lines, the purchase of livestock, poultry, seeds, and transplants, and for the introduction of modern processes in farming, irrigation, and cultivation; and offers assistance to entrepreneurs for organizing exhibitions and fairs of marketable products produced by them, as well as advertises and organizes other forms of sale in domestic and foreign markets. In addition, it provides savings and deposits; money transfer services via Western Union, Migom, and Contact systems; Internet and SMS banking services; and corporate plastic cards, as well as services in foreign currency. The company offers micro credits to individual labors, farm-owners, family business, farmers, micro firms, and small companies. Open Joint-Stock Commercial Bank Microcreditbank is headquartered in Tashkent, Uzbekistan.

Tags:

Credit Bank, Banking Products and Services, Private Banking, Bank Capital, Savings Bank, Development Bank, Investment Banking Services, Banking Corporation