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Credit Unions PDF Print

Credit unions are relatively new players in the financial system of Uzbekistan and were established under the law “On credit unions” in April 2002. According to this law, a credit union is an organization which is created by legal entities and natural persons with the purpose of providing credit and other financial services. They serve the needs of small borrowers who are passed over by the traditional commercial banks as they find it too costly to service them.

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Last Updated ( Friday, 23 November 2007 )