Challenges in financing residential construction for individuals by commercial banks and ways to address them

This article examines the challenges faced by commercial banks in Uzbekistan when providing financing for individual residential construction and explores solutions to improve this financing process. Key issues include high default risk, limited borrower creditworthiness, fluctuating interest rates, regulatory constraints, and high administrative costs. The study proposes targeted solutions such as phased disbursement loans, enhanced credit assessment, financial literacy programs, and partnerships with construction firms, and public-private collaborations.

Authors

Publication Details

Journal
International Journal of Science and Research Archive
Published
2024-11-24
DOI
https://doi.org/10.30574/ijsra.2024.13.2.2229
Primary Topic
Urbanization and City Planning
Type
article
Field-Weighted Citation Impact
0.00
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article

Challenges in financing residential construction for individuals by commercial banks and ways to address them

Jabbarov Majidbek Erzodovich
International Journal of Science and Research Archive
Urbanization and City Planning
article

Challenges in financing residential construction for individuals by commercial banks and ways to address them

Jabbarov Majidbek Erzodovich
article en

Abstract

This article examines the challenges faced by commercial banks in Uzbekistan when providing financing for individual residential construction and explores solutions to improve this financing process. Key issues include high default risk, limited borrower creditworthiness, fluctuating interest rates, regulatory constraints, and high administrative costs. The study proposes targeted solutions such as phased disbursement loans, enhanced credit assessment, financial literacy programs, and partnerships with construction firms, and public-private collaborations.

International Journal of Science and Research ArchiveVol. 13(2)
Openalex Percentile: Top 65%
Urbanization and City Planning
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Challenges in financing residential construction for individuals by commercial banks and ways to address them — Jabbarov Majidbek Erzodovich · International Journal of Science and Research Archive (2024) | TGRS Research Map | TGRS