Uzbekistan Prepares to Launch Loans for Household Appliances at 18% Interest
Consumer loans for purchasing refrigerators, washing machines, air conditioners, and other locally produced appliances may become more accessible.
The program is currently in the development stage. It is expected that commercial banks, which will receive funds on preferential terms for this purpose, will issue the loans.
The proposal was discussed on November 9 during a meeting between the President of Uzbekistan, Shavkat Mirziyoyev, and entrepreneurs and investors in the electrical engineering sector. He instructed the responsible authorities to prepare calculations and present proposals for allocating financial resources to banks within two weeks.
The new mechanism is intended to expand families' opportunities to purchase household appliances and increase sales of products from local enterprises.
