PROJECT

Projects

Summary of Investment Information

Project Number

51357

Company Name

MICRO-CREDIT COMPANY BAILYK FINANCE CJSC

Date SPI Disclosed

Jul 21, 2025

Country

Kyrgyz Republic

Region

Central Asia and Turkiye

Projected Board Date

Aug 22, 2025

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

Sep 28, 2025

Department

Regional Industry FIG MCT

Industry

Financial Markets

Previous Events

Approved : Aug 27, 2025
Signed : Sep 16, 2025
Invested : Sep 26, 2025

Sector

Microfinance and Small Business - Non Commercial Banking

Additional Project Attributes

Blended Finance

Project Description

The proposed investment consists of a senior loan of up to $5 million, with a tenor of up to 3 years with a 12-month grace period, to be disbursed in local currency (LCY or KGS), to the microfinance institution (MFI) Bailyk Finance CJSC (Bailyk or Company). Bailyk will use 80% of the proceeds from the loan to provide access to finance for underserved Microenterprises (MEs) in rural areas of the Kyrgyz Republic (Country), with up to 40% directed towards women-owned MEs (WMEs), and 20% for climate financing projects.              

Associated Advisory Engagement

The IFC FIG Advisory team will engage with a new Climate Finance Advisory Project that involves the development of a Green Finance Roadmap, which includes segmentation analysis to identify green finance opportunities tied into the priority sectors and customer clusters, particularly within the retail and microbusiness segments for green verification, along with a review of GHG emissions calculation practices. The scope also covers capacity building of dedicated staff on green lending practices and procedures to promote green products to clients effectively.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation