PROSPECTS FOR THE DEVELOPMENT OF MICROFINANCE SERVICES IN THE REPUBLIC OF UZBEKISTAN: DIGITALIZATION AND EXPANSION OF FINANCIAL INCLUSION
DOI:
https://doi.org/10.55640/Keywords:
microfinance, digitalization, financial inclusion, mobile platforms, UzbekistanAbstract
This paper explores the current condition and future development prospects of microfinance services in the Republic of Uzbekistan, emphasizing the role of digital transformation in broadening financial inclusion. The study focuses on the expansion of microcredit activities, the growing use of mobile applications and online financial platforms, and the impact of government regulation on the sector’s development. Using official statistical data and practical institutional examples, the research shows that digital solutions significantly enhance the efficiency of microfinance institutions by accelerating loan processing, lowering administrative costs, strengthening transparency, and widening access to financial services for small businesses, rural communities, and socially vulnerable groups. The results confirm that the digitalization of microfinance represents an essential factor for inclusive and sustainable economic growth in Uzbekistan.
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