This study investigates the lived experiences of debt among individuals and small business owners in Uzbekistan,utilizing a qualitative research approach based on semi-structured interviews. In the context of rapid economic liberalizationand increased credit access since 2017, the research explores how borrowers perceive, manage, and are affectedby indebtedness. Thematic analysis revealed four dominant themes: debt as a pathway to opportunity, emotional andpsychological burdens, trust and distrust in fnancial institutions, and the social and familial impacts of borrowing. Findingshighlight that debt in Uzbekistan is deeply intertwined with cultural values, family obligations, and perceptions of personalhonor, resulting in complex emotional and relational consequences. Moreover, issues of fnancial literacy, institutionaltransparency, and evolving societal norms play signifcant roles in shaping debt experiences. The study underscores thenecessity for enhanced borrower protections, fnancial education initiatives, and culturally sensitive lending practices. Itcontributes to a deeper understanding of the social dynamics of debt in post-Soviet transitional economies and offerspractical insights for policymakers aiming to promote responsible fnancial inclusion.
| Mualliflar | Azizbek Ikrom ugli Kurbanov, Prof. Dr. Alfra Sofa, S.T., M.M. |
|---|---|
| Jurnal | Innovation science and technologiy |
| Nashr sanasi | 2025-04-30 |
| Jild | 1 |
| Son | 4 |
| Betlar | 82-91 |
| Til | Ingliz |
| DOI | 10.5281/zenodo.17436791 |
DOI: 10.5281/zenodo.17436791 · Maqolaning asl sahifasi
Debt, Uzbekistan, Qualitative Research, Financial Behavior, Social Impact, Cultural Dynamics, Financial Literacy, Economic Transition.
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