SMALL AND MEDIUM ENTERPRISE (SME) ADVANCEMENT THROUGH ESG-LINKED LOANS: THE ROLE OF BANKS AND MICROCREDIT ORGANIZATIONS
Kalit so‘zlar:
social responsibility, antifragility, SMEs, doubtful debts, circular economy, literacy campaigns, banks and MCOsAbstrak
Small and Medium Enterprises(SMEs) account for more than half of
Uzbekistan’s GDP. A high share of SMEs is critical for economic development, and
access to finance is a key factor in their success. The fund transfer process through
ESG-linked loans will incentivize companies to fit into the ESG framework, thereby
providing SMEs with access to affordable finance while promoting sustainable
business practices. This study is mostly based on qualitative data taken from interviews
with bank employees and debtors. The study suggests expanding the governance of
banks beyond employees by providing guidance to customers for their type of business,
thus reducing doubtful debts, solving agency problems and contributing to the
green(circular) economy.
References
OECD SME and Entrepreneurship Papers No. 35 “Financing SMEs for
sustainability: Drivers, Constraints and Policies”, Table 2.1
https://dx.doi.org/10.1787/a5e94d92-en
Decree of the President of the Republic of Uzbekistan, dated December 2,
No. PP-436, Chapter 3 -- https://lex.uz/ru/docs/6303233#6304756
The Tragedy of the Commons Author: Garrett Hardin, Source: Science,
New Series, Vol. 162, No. 3859 (Dec. 13, 1968), pp. 1243-1248 Published by:
American Association for the Advancement of Science --
http://www.jstor.org/stable/1724745
https://agrobank.uz/ru/about/press-center/agrobank-100-kitob-to-plamitaqdimotini-o-tkazdi https://agrobank.uz/uz/agrobooks
Nassim Nicholas Taleb, “Antifragile : things that gain from disorder”
ISBN 978-1-4000-6782-4 eISBN: 978-0-679-64527-6
