IFC Vice President visits Uzbekistan, acquaints with local leasing project

IFC Vice President visits Uzbekistan, acquaints with local leasing project


International Finance Corporation (IFC) Vice President Dorothy Berry visited Uzbekistan during 28 October to 1 November 2010. Her visit was aimed at deeper study of results and work of the IFC, which is a member of the World Bank Group.

In the course of her visit Ms Berry met with Director General of UzbekLeasing International A.O. Zafar Mustafaev, got acquainted with the company’s activity and visited one of successfully implemented leasing projects, namely Tashkent-based Vizir Collection LLC.

Visiting the production area of Vizir Collection, the guests witnessed the well organized production process and modern technological base. Thus, the company uses relatively new Japanese equipment, which allows manufacturing good-quality sewing products.

The company’s business is a family business, where mother is a founder and director of the company, son provides a part of sewing equipment, while other sons and daughters bear direct responsibility for the sewing process and sale of ready sewing products.

Vizir Collection LLC was founded in June 2008. Its main activity is production of sewing products (men’s suits, women’s velour gowns with pants, children’s outerwear). Born in 1952, Vazira Dusimbaeva is a successful woman entrepreneur, mother of five children (four sons and a daughter). She is founder and director of the company.

The main part of the company’s production base consists of 19 Japanese sewing machines (Yamata) and ancillary sewing equipment, such as Japanese machine for pockets production, ironing machine, equipment for sleeve selvage production, Japanese over-lockers, Russian sewing machines for buttonholes, bar tacking machines, Chinese equipment for collar selvage production.

In April 2010, Vizir Collection LLC acquired the following equipment on lease through UzbekLeasing International A.O.: embroidery equipment TFSN-912 (680×360) S (Tajima Industries Ltd., Japan), sewing machine for eye buttonholes MEB-3200SSMA (Juki Corporation, Japan), tacking machine LK-1900ASS/MC596NSS (Juki Corporation, Japan). The total cost of equipment made up $68,800.

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