Tashkent, Uzbekistan (UzDaily.com) – Central Bank of Uzbekistan revoked the license of the organization that provided loans in Tashkent and Tashkent region.

The Mega investment plus company, which has been operating since 2014, systematically violated the legislation and regulations of the Central Bank.

By the decree of the Board of the Central Bank of Uzbekistan, license No. 39 of Mega-Investment plus mikrokredit tashkiloti LLC was terminated, the press service of the regulator reports.

This decision was made due to systematic violations of legislation, as well as regulations of the Central Bank. 

As stated on the organization’s website, they received a license from the Central Bank of Uzbekistan in August 2014, and during this time they managed to become one of the largest players in the microfinance services market among non-bank credit organizations.

Mega-Investment plus provided microfinance services for individuals, individual entrepreneurs, as well as representatives of small and medium-sized businesses operating in Tashkent and Tashkent region.