Understanding the lived experiences of debt in Uzbekistan: a qualitative study of its financial, emotional, and social impacts

Azizbek Ikrom ugli Kurbanov, Prof. Dr. Alfra Sofa, S.T., M.M.

Innovation science and technologiy · 2025-yil

Annotatsiya

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.

Maqola ma’lumotlari
MualliflarAzizbek Ikrom ugli Kurbanov, Prof. Dr. Alfra Sofa, S.T., M.M.
JurnalInnovation science and technologiy
NashriyotТошкент давлат иқтисодиёт университети
Nashr sanasi2025-04-30
Jild1
Son4
Betlar82-91
TilIngliz
Ilmiy sohaIqtisodiyot
DOI10.5281/zenodo.17436791
Indeksga qo‘shilgan2026-08-26

DOI: 10.5281/zenodo.17436791 · Maqolaning asl sahifasi

Kalit so‘zlar

Debt, Uzbekistan, Qualitative Research, Financial Behavior, Social Impact, Cultural Dynamics, Financial Literacy, Economic Transition.

Ilmiy soha

Iqtisodiyot

Iqtibos keltirish

APAAzizbek Ikrom ugli Kurbanov, & Prof. Dr. Alfra Sofa, S.T., M.M. (2025). UNDERSTANDING THE LIVED EXPERIENCES OF DEBT IN UZBEKISTAN: A QUALITATIVE STUDY OF ITS FINANCIAL, EMOTIONAL, AND SOCIAL IMPACTS. Innovation science and technologiy, 1(4), 82-91. https://doi.org/10.5281/zenodo.17436791
GOST (OAK)Azizbek Ikrom ugli Kurbanov, Prof. Dr. Alfra Sofa, S.T., M.M. UNDERSTANDING THE LIVED EXPERIENCES OF DEBT IN UZBEKISTAN: A QUALITATIVE STUDY OF ITS FINANCIAL, EMOTIONAL, AND SOCIAL IMPACTS // Innovation science and technologiy. – 2025. – T. 1, № 4. – P. 82-91. – DOI: 10.5281/zenodo.17436791.
MLAAzizbek Ikrom ugli Kurbanov, and Prof. Dr. Alfra Sofa, S.T., M.M. “UNDERSTANDING THE LIVED EXPERIENCES OF DEBT IN UZBEKISTAN: A QUALITATIVE STUDY OF ITS FINANCIAL, EMOTIONAL, AND SOCIAL IMPACTS.” Innovation science and technologiy, 1(4), 82-91, 2025. https://doi.org/10.5281/zenodo.17436791
ChicagoAzizbek Ikrom ugli Kurbanov, and Prof. Dr. Alfra Sofa, S.T., M.M. “UNDERSTANDING THE LIVED EXPERIENCES OF DEBT IN UZBEKISTAN: A QUALITATIVE STUDY OF ITS FINANCIAL, EMOTIONAL, AND SOCIAL IMPACTS.” Innovation science and technologiy, 1(4), 82-91 (2025). https://doi.org/10.5281/zenodo.17436791
HarvardAzizbek Ikrom ugli Kurbanov, and Prof. Dr. Alfra Sofa, S.T., M.M (2025) ‘UNDERSTANDING THE LIVED EXPERIENCES OF DEBT IN UZBEKISTAN: A QUALITATIVE STUDY OF ITS FINANCIAL, EMOTIONAL, AND SOCIAL IMPACTS’, Innovation science and technologiy, 1(4), 82-91. https://doi.org/10.5281/zenodo.17436791
BibTeX
@article{azizbekikromuglikurbanov2025,
  title = {UNDERSTANDING THE LIVED EXPERIENCES OF DEBT IN UZBEKISTAN: A QUALITATIVE STUDY OF ITS FINANCIAL, EMOTIONAL, AND SOCIAL IMPACTS},
  author = {Azizbek Ikrom ugli Kurbanov and Prof. Dr. Alfra Sofa, S.T., M.M.},
  journal = {Innovation science and technologiy},
  year = {2025},
  volume = {1},
  number = {4},
  pages = {82-91},
  doi = {10.5281/zenodo.17436791},
  url = {https://doi.org/10.5281/zenodo.17436791}
}

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