The Uzbek Association for Microfinance Institutions and Credit Unions (NAMOCU), based in Tashkent, Uzbekistan, is a network of 22 credit unions and 21 microfinance institutions (MFIs) with total assets of UZS 52.2 billion (equivalent to USD 31.3 million) as of January 1, 2010. It provides knowledge management, policy advocacy, research and development and technical services.
– Integration and support of credit unions and microcredit organizations;
– To assist in the development, adoption and amendment of legal acts concerning the activities of credit unions and microcredit organizations;
– Lobbying for laws and regulations governing the activities of credit unions and microcredit organizations
– Carrying out practical research on the development of microfinance sector in the country;
– Financial analysis of the activities of the members of NAMOCU;
– Organization of conferences, round tables, workshops, etc.;
– Organizing and conducting trainings and seminars for credit unions and microcredit organizations;
– Implementation of social projects in conjunction with partners and other NGOs;
– Studying international experience in microfinance and disseminating this to the media with the aim of encouraging the use of best practices
We are also currently working on a NAMOCU support fund for credit organizations. The fund will be used to:
- Organize projects to provide financial support for young families and young entrepreneurs;
- Support microfinance institutions to guarantee citizens’ deposits in credit union;
- For a number of grant programs for development of entrepreneurship and small business, to provide social protection for young families and create conditions for greater involvement in business activities of young people from rural areas, etc.