Executive summary

Oasis MFI is a recently established microfinance business in Uzbekistan with the aim of being the largest SME lender in the country. It's strategy is to utilise its balance sheet to lend to SME's both online and offline. SME's account for close to 60% of Uzbekistan's GDP and to date have had no meaningful access to financial services, with incumbant banks focussing on larger corporates. The opportunity for Oasis lies in higher quality credit underwriting to enable lending at more appriorate rates than currently offered, but also to develop effective distribution channels to capture meaningful market share in the coming years. We are joined in our investment together with the Finish Development Bank (Finnfund) and a management team that have a long track record in building leading Microfinance businesses in frontier and emerging markets.