
Gojo & Company, Inc. (“Gojo”) is pleased to announce an expansion into Uzbekistan through acquiring a 9.8% stake in JSC Renesans mikromoliya tashkiloti (“Renesans”) through the issuance of new shares. Gojo will support Renesans to continue pursuing its mission of delivering and developing tailored microfinance services through traditional and modern channels to people in rural areas.
Renesans is committed to providing convenient, accessible, and reliable microfinance services to individual entrepreneurs with a focus on women, MSMEs (micro, small, and medium enterprises), and the self-employed in rural areas of Uzbekistan. As of March 2025, Renesans serves over 14 thousand individual clients through its network of 21 branches, with a total loan portfolio of USD 17 million.
Turdikulov Jamshidbek Salimovich, Chairman of the Supervisory Board at Renesans, mentioned, “It is with great pleasure that we welcome Gojo, recognised as one of the fastest-growing global microfinance holding companies of the last decade, as a shareholder of Renesans. This strategic partnership marks a new chapter in Renesans' 18-year history and is further strengthened by the alignment of our core missions. This investment by Gojo signifies, first and foremost, that Renesans is progressing in the right direction towards its objectives and underscores strong confidence in the company's future. Furthermore, the extensive experience and knowledge in microfinance held by Gojo Group will not only provide invaluable support but also complement Renesans' own dedication to broadening the implementation of its core mission: to enhance the well-being of small and medium-sized businesses in rural areas through the provision of financial support. This synergy in our respective missions will undoubtedly amplify our collective impact. We are confident that the current management, now supported by Gojo, will establish Renesans as a leading player in the microfinance sector in Uzbekistan within the coming years.”
Speaking on this investment, Sanjay Gandhi, Co-founder, Managing Partner & CIO at Gojo, said, "Gojo is excited to make its first investment in the Uzbekistan microfinance space through this partnership with Renesans, whose values and vision strongly resonate with our commitment to financial inclusion. For almost two decades, Renesans has been focused towards providing support to women and MSMEs in rural areas, and that aligns very well with Gojo’s mission of achieving universal financial access. We look forward to working together to expand their reach and deepen their impact. Gojo feels very confident that working together with the strong Renesans Management team, we will be able to make bigger inroads into the vastly underpenetrated "microfinance" market that Uzbekistan offers.”
GRATA International acted as the legal adviser and KPMG Uzbekistan conducted the due diligence for this transaction.

About JSC Renesans
Renesans was founded in July 2007, in Chirchik, Uzbekistan. It aims to provide convenient, accessible, and reliable microfinance services to women entrepreneurs, MSMEs, individual entrepreneurs, and the self-employed in rural areas. Renesans has been a member of the National Association of Microfinance Institutions since 2008.
About Gojo & Company
Gojo is a Tokyo-based holding company of inclusive financial service providers operating in 14 countries in South & Southeast Asia, Central Asia & the Caucasus, and Africa. Gojo was founded in 2014 to extend financial inclusion across the globe. Gojo Group, including major investees, is serving 3.4 million clients across the globe as of March 2025. Gojo has been a Certified B Corporation™ since January 2025, committed to the continuous improvement of its social and environmental performance.