P2P lending and crowdfunding as alternative sources of financing for small business in Uzbekistan

P2P lending and crowdfunding as alternative sources of financing for small business in Uzbekistan

Authors

  • Abdurakhimova Dilora Karimovna

DOI:

https://doi.org/10.5281/zenodo.15648092

Keywords:

P2P lending, crowdfunding, small business, Uzbekistan, alternative financing, FinTech.

Abstract

This article analyzes the increasing relevance of peer-to-peer (P2P) lending and crowdfunding as alternative
financial instruments to support the development of small businesses in Uzbekistan. Given the limited access to traditional
bank loans and venture capital, small enterprises are turning more frequently to FinTech-based platforms. Through
comparative analysis and case studies, the paper assesses the efficiency, opportunities, and challenges associated with
the implementation of these financial technologies in Uzbekistan.

Author Biography

Abdurakhimova Dilora Karimovna

Associate professor of TSUE, DSc

References

Belleflamme, P., Lambert, T., & Schwienbacher, A. (2014). Crowdfunding: Tapping the right crowd. Journal of Business

Venturing, 29(5), 585–609.

Mollick, E. (2014). The dynamics of crowdfunding: An exploratory study. Journal of Business Venturing, 29(1), 1–16.

Shneor, R., & Vik, A. A. (2020). Crowdfunding: Research Agenda and Scholarly Contributions. In Advances in

Crowdfunding (pp. 1-17). Springer.

Zhang, B., Wardrop, R., Rau, R., & Gray, M. (2018). Moving Mainstream: The European Alternative Finance

Benchmarking Report. University of Cambridge, CCAF.

World Bank. (2021). Uzbekistan: Expanding Access to Finance through Digital Channels. Retrieved from www.

worldbank.org

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Published

2025-05-01
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