Renesans 3
In 1998, entrepreneur Raxatay began her traditional clothing business from home. She secured a loan from Renesans to rent a space near the central market in Tashkent, Uzbekistan. Today, she owns multiple shops and employs 20 women as seamstresses and shop assistants. Your investment can empower 210 entrepreneurs like her.
€175,000
6.00%
24 meses
6 meses
EUR
MoedaMontante | €175,000 |
Interesse | 6.00% |
Maturidade | 24 meses |
Reembolsos | 6 meses |
Moeda | EUR |
O projeto
Please note: 1st principal repayment after 12 months instead of 6 months. However, the interest payments start after 6 months.
Uzbekistan, located in Central Asia, has undergone significant economic changes in recent years. Once closed to foreign investments, the nation is now opening its doors for trade and business. Within this evolving landscape, Renesans plays a crucial role, specifically targeting underserved entrepreneurs in rural regions. The institution focuses on providing financial assistance to small businesses, addressing a gap that traditional banks have often neglected.
The impact of Renesans can be seen through the journey of shop owner Raxatay. She began her venture with traditional clothing from her home in 1998. With the support of a loan from Renesans, she was able to rent a location near the central market in the capital city Tashkent. Today, her traditional clothing business has grown into a venture with multiple shops employing several local women. She envisions expanding her business to include workshops where women can learn to craft traditional clothing. Her story highlights how, with the right financial solutions, small businesses can create sustainable jobs in an otherwise unstable job market.
What social return could your investment generate?
Many individuals, especially in the rural regions of Uzbekistan, lack access to banking services. Renesans acts to close this gap by offering individual and group loans to local entrepreneurs, and businesses. These loans are available to drive business growth and enhance living standards.Through these initiatives, Renesans elevates the socio-economic landscape of the community and drives economic growth.
Renesans places a strong emphasis on gender equality. Over half of their loan portfolio supports initiatives that empower women, and 56% of their customer base is female.
What financial return could your investment generate?
- Annual interest rate 6%
- The maturity of the loan is 24 months
- Grace period: the first repayment of your investment will be made after 12 months. After that, there will be a repayment every 6 months
- With an investment of 1,000 euros, your expected total repayment would be 1,090 euros.
- This is a local currency (LCY) project, but the exchange risk is covered by our partner TCX. Using local currency for loans in emerging markets helps business owners avoid losses from unpredictable currency changes. Please read our blog for further information.
About Renesans
Renesans stepped up when small businesses were overlooked by state banks. By connecting with global financial resources, they enhanced their ability to support these businesses. Employing both individual and group lending methodologies, Renesans has issued more than 48,000 loans since 2008. Now, they proudly assist 8,050 clients - most of whom are from rural areas - with over half being women, underscoring their commitment to community growth and gender equality.
Renesans in numbers
- Founded in 2008, with their head office being in Tashkent
- Renesans exists of a branch network reaching 13 branches in 5 regions
- 114 employees
- 8.050 clients, of which 6.070 reside in rural areas and 4.406 are women
Nome da empresa | Renesans |
DIRECTOR EXECUTIVO | Mirlaziz Umarov |
Fundada | 2007-07-19 |
Localização | Tashkent |
Sector | Serviços financeiros |
Volume de negócios | €1,742,309 |
Empregados | 114 |
Pontuação de crédito | B+ |
Impacto
Renesans tem tido um impacto substancial no Uzbequistão, fornecendo serviços bancários a regiões carenciadas, promovendo o crescimento das empresas e melhorando os padrões de vida. Os seus esforços resultaram em mais de 48 000 empréstimos desde 2008, com destaque para a capacitação de mulheres empresárias - 56% dos seus empréstimos apoiam iniciativas lideradas por mulheres. Este compromisso não só estimulou as economias locais, como também promoveu a igualdade de género na comunidade.
ODS Impacto
Com este projeto, está a contribuir para os seguintes Objectivos de Desenvolvimento Sustentável:
ODS 1 - Erradicação da pobreza
ODS 5 - Igualdade de género
ODS 8 - Trabalho digno e crescimento económico
ODS 10 - Redução das desigualdades
Artigos de blogues relacionados
Leia o blogpost de introdução sobre Renesans aqui
Quer saber mais sobre como a inclusão financeira pode favorecer o empreendedorismo? Leia aqui.
Quer saber que outras instituições de microfinanciamento temos na nossa carteira? Veja-as aqui.
- Com este investimento 210 vidas são melhoradas