Delta 5

With Delta's support, Luffaci scaled up their eco-sponge production, sourced more luffa from local farmers, and expanded internationally. Your investment in Delta helps 50 entrepreneurs grow and amplify their impact.

funding gap emerging markets
Delta
Company
Uzbekistan
Country

The project

Luffaci is committed to creating a more sustainable world with their 100% natural eco-sponges, made from locally sourced luffa. By partnering with local farmers in Uzbekistan, they contribute to economic development in the region. Thanks to a loan from microfinance institution Delta, Luffaci expanded their production to 15,000 sponges per month and entered international markets like China and Japan.

The eco-sponges are dyed using environmentally friendly colors, offering a sustainable alternative to synthetic sponges. In 2020, Luffaci obtained an important patent, securing a monopoly position in the United States. With Delta's support and their dedication to sustainability, Luffaci is creating jobs and positively impacting both the community and the environment.

Invest in Delta and support microloans to SMEs in Uzbekistan The director of Luffaci demonstrates how luffa is transformed into eco-friendly sponges.

 

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.

 

Delta

CEO
Abdumuminov Sherzod
Founded
2009-01-16
Location
Tashkent
Sector
Financial services
Turnover
€1,269,805
Employees
125
€100,000raised
Fully funded in 1 day on 9 October 2024.
363investors
Invest in microfinance
€100,000
target
7.25
%
Interest
24
months
Maturity
6
months
Repayments
A
B
C
D
E
Credit score

Impact

50
Lives improved

Despite recent progress, Uzbekistan still faces challenges. In 2023, unemployment fell to 6.8%, but poverty, especially in rural areas, remains a major issue. Many small business owners struggle to secure the funding they need to grow their businesses and create jobs.

Delta addresses this by offering microloans and providing entrepreneurs with advice, training, and market insights. With new branches opening in rural areas, Delta’s support is becoming even more accessible, fostering economic stability.

By investing in Delta, you’re giving entrepreneurs the opportunity to grow their businesses and strengthen Uzbekistan’s economy.

 

SDGs impacted

With this project, you contribute to the following UN Sustainable Development Goals:

SDG 1 - No poverty

SDG 5 - Gender equality

SDG 8 - Decent work and economic growth

Read more about the impact Lendahand creates and the SDGs on our impact page.

 

Related blog articles

Crowd investor Kevin experiences Uzbekistan: read his travel blog here.

Want to know more about how financial inclusion can boost entrepreneurship? Read here.