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.