The European Bank for Reconstruction and Development (EBRD) is supporting further development of modern retail standards and e-commerce in Uzbekistan by financing the expansion of one of the country’s leading consumer electronics and household appliances chains, CA-store (previously known as “Credit Asia”).
The EBRD’s loan of up to US$10m will finance CA-store’s working capital needs related to its expansion outside the capital city of Tashkent. It is expected that Uzbekistan’s retailer will capture all major cities in the next few years.
