This article presents the possible role of microfinance in employment generation and poverty alleviation in Uzbekistan. It gives the figure of 200,000 additional jobs created thanks to microfinance (without explaining how this was obtained). It also explains that the potential for microfinance is high in the poorest regions of Uzbekistan with demand fulfilled at best at 50%. Finally, the paper presents a model for estimated demand for microfinance. However, the abstract is somehow misleading since because of a lack of data, the model was not estimated. Overall, although the topic is critical for poverty alleviation in Uzbekistan, the paper advocates for microfinance without really substantiating it with facts and figures.

Gaël Raballand, Observatory of Post-Soviet States, Paris
CER: II-7.4.G-674