Tuesday, February 18, 2025

$10 Million Investment in Financial Inclusion Initiatives Announced for Uzbekistan

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The Global Gender-Smart Fund (GGSF) has announced a $10 million investment into TBC Bank Uzbekistan, Central Asia’s largest mobile-only bank, aimed at enhancing financial inclusion for women and women-led businesses. This financing will help TBC Bank expand its lending services to underrepresented groups, contributing to GGSF’s mission of addressing the $1.7 trillion gender gap in financial access. The funding will be facilitated through Triple Jump, a Dutch investment manager focused on positive change in emerging markets. TBC Bank Uzbekistan, with 17 million unique users, has previously attracted financial support from responsAbility Investments, underlining its rapid growth and commitment to social impact.

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