Latest news with #UnaFinancial
Finextra
27-06-2025
- Business
- Finextra
UnaFinancial and JSCB Microcreditbank launch digital credit service in Uzbekistan
Una Moliya is being implemented as part of the state's 2024-2026 Program for Expanding Access to Microfinance Services. It supports the country's financial inclusion agenda, increasing the reach of the official financial system. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Una Moliya loans are available to small and micro businesses, self-employed individuals, and dehkan farms. Initial product offering includes Installment Loans from UZS 3.5 million to 65 million. The repayment term ranges from 4 to 18 months. 'Our goal was to make financing accessible for as many entrepreneurs as possible, including self-employed individuals in the most remote parts of the country,' said Almaz Torutayev, Regional Director for Central Asia at UnaFinancial. According to PwC, small and micro businesses in Uzbekistan face a financing gap exceeding $6 billion, with the shortage particularly acute in the farming and dehkan (smallholder) sectors. Una Moliya seeks to bridge this gap with digital solutions available online across the country. 'The launch of Una Moliya is a contribution to building an inclusive economy. We support projects that combine technology, accessibility, and high financial standards. I'm confident that our joint initiative will serve as a strong foundation for small businesses,' said Ikram Jumaniazov, Deputy Chairman of the Management Board of Microcreditbank.
Independent Singapore
01-05-2025
- Business
- Independent Singapore
Asia to lead in financial accessibility by 2030, surpassing global average
Photo: Freepik/pressfoto(for illustration purposes only) ASIA: Asia is set to be a global leader in financial accessibility by 2030, according to analysts at fintech group UnaFinancial. Analysts from the fintech group expect financial inclusion to improve from 2025 to 2030 in the region, estimating financial accessibility to reach 80.2%, surpassing the global average of 76.8%. The figures are based on the group's financial accessibility index, which uses available historical data from the Global Financial Inclusion (Global Findex) Database. The index looks at how many people own accounts at financial institutions, use digital payments, have debit or credit cards, and borrow or save money. Each of these was given a weight, depending on how much it affects access to finance. In 2023, financial inclusion in Asia was 67.2%. It was expected to go up to 69.5% in 2024. Over the last 15 years, the number has grown by 82%, surpassing the global average of 67.4%. Analysts said that while Asia lagged behind other regions between 2010 and 2015 and matched global levels from 2016 to 2022, it has since taken the lead. 'This trend is driven by active digital transformation and improvements in the regulatory environment, which have allowed for the expansion of financial services even in remote areas,' analysts noted. 'The combination of technological innovation, educational initiatives, the expansion of digital infrastructure and the development of alternative lending creates a solid foundation for further improvement of financial inclusion in Asia,' they added. /TISG Read also: 5 Things to expect in Singapore's banking and financial services in 2025 Featured image by Depositphotos (for illustration purposes only)
