UzMRC raised USD 45mln local currency denominated loan from IFC
01 Jan 2024

UzMRC raised USD 45mln local currency denominated loan from IFC

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UzMRC signed a loan agreement with the International Finance Corporation (IFC) to attract resources to the local mortgage market.

Under this agreement, IFC provided an unsecured loan local currency eq. USD 45 million.

The company used these raised funds to refinance commercial mortgage loans in the third quarter of 2024, with allocation of at least 15% of loans to female borrowers.

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UzMRC raised USD 45mln local currency denominated loan from IFC
UzMRC raised USD 45mln local currency denominated loan from IFC

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