BOPA Fuels Growth in financial inclusion in Uzbekistan with Equity Investment in Imkon Finans

BOPA Pte Ltd, a Singapore-based impact investor specializing in supporting early-stage microfinance companies, is excited to announce its strategic equity investment in IMKON FINANS, a microfinance company based in Andijan, Uzbekistan. This investment marks a significant milestone for both BOPA and IMKON FINANS, highlighting BOPA’s dedication to fostering growth and innovation in financial inclusion and sustainable development.

IMKON FINANS has shown outstanding potential in empowering underserved communities through its microfinance initiatives. With a strong emphasis on financial inclusion, IMKON FINANS has successfully provided accessible financial solutions to individuals and small businesses, effectively bridging the financial gap.

By partnering with IMKON FINANS, BOPA aims to leverage its expertise and resources to further enhance the impact of microfinance initiatives. This strategic collaboration will enable IMKON FINANS to expand its reach, improve its product offerings, and drive sustainable growth.

“We are thrilled to become partners with IMKON FINANS,” said Christian Andersen, CEO of BOPA Pte Ltd. “This investment aligns well with our mission to help scale up small and mid-sized microfinance institutions and create lasting positive impact in the areas we work. We feel IMKON FINANS is very well positioned to become one of the leading microfinance institutions in the Uzbekistan market, where credit penetration is still limited”

Akmaljon Ergashevich Teshaboev, co-founder and Chair of Imkon Supervisory Board is very happy with the achievement: “ I am delighted on this significant milestone in our journey toward fostering financial inclusion and economic empowerment. The investment from BOPA, a distinguished impact investor dedicated to driving positive social change, will enable us to expand our reach, enhance our services, and innovate our financial solutions to better serve the underbanked populations.

This partnership marks a pivotal moment for us, as it not only validates the hard work and dedication of our team but also underscores the potential of microfinance in transforming lives and communities”

The collaboration between BOPA and IMKON FINANS embodies a shared vision of promoting financial inclusion, fostering economic empowerment, and building a more resilient and inclusive financial ecosystem.

For more information about BOPA Pte Ltd and Imkon Finans, please visit www.bopamicrofinance.com, www.imkonfinans.uz