The project

A visit to new borrower Delta brings us to Baxodir's family business. About 50 years ago, his father founded the company, and now the next generation is also working on the farm. 

With working capital from Delta, Baxodir can purchase new seeds, essential for expanding his raspberry and strawberry cultivation.

Baxodir employs 40 permanent staff, and during the harvest season, many seasonal workers join to work in the fields. This creates valuable employment for the local community, especially during the busy harvest months.

From late May to October, it’s harvest season in Uzbekistan. Most of the harvest is exported. Since the Uzbek harvest begins a month earlier than the European one, their products are attractive to international markets. This gives them a competitive edge and strengthens their position in the global market. Expanding Baxodir’s farm contributes to economic growth, and ensures stable incomes for many families in the region.

What social impact does your investment make?

Uzbekistan's economic situation faces significant challenges, despite recent improvements. In 2023, unemployment dropped from 8.9% to 6.8%, but poverty remains a major issue, especially in rural areas. Limited access to financing restricts small entrepreneurs from expanding their businesses and creating more jobs, which is essential for the country’s economic growth and stability.

Delta plays a crucial role in addressing these issues by offering microfinancing to small entrepreneurs. By providing loans, these entrepreneurs can grow their businesses and create new jobs. Delta offers more than just financial support. They provide entrepreneurs with financial advice, training, workshops, and access to valuable market information. Additionally, Delta is opening new branches in Uzbekistan, making them more accessible to rural entrepreneurs. This helps improve their financial situation and enhances their business skills and knowledge, leading to sustainable growth and development.

With your investment in Delta, you can help 60 entrepreneurs grow their businesses and improve the economic situation in Uzbekistan.

What potential financial return does your investment offer?

• Annual interest rate of 7.25%.
• The maturity of the loan is 24 months.
• With an investment of 1,000 euros, your expected total repayment would be 1,091 euros.

The story of Delta

Microfinance institution Delta was founded in 2009 and is based in the capital, Tashkent. Microfinancing enhances financial inclusion in Uzbekistan. Small businesses often lack access to commercial banks due to insufficient collateral or formal accounting. However, microfinancing enables these businesses to grow and strengthen the local economy.

With 12 branches in Tashkent, Syrdarya, Bukhara, and Navai, Delta supports a diverse range of entrepreneurs, including furniture makers, shop owners, and farmers. Their goal is to improve lives by providing people with the financial resources they need to realize their ambitions.

Delta has 16,422 active clients, with 62% from rural areas and 45% being women. By offering customer-focused service and high-quality support, Delta contributes to sustainable economic growth and employment in the region.

Delta in numbers

• Founded in 2009
• 125 employees
• Since 2020, the company has provided approximately 76,000 loans worth 60 million EUR.
• 45% of the borrowers are women