52117 - SLGP DKIB FY26

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Summary of Investment Information

Project Number

52117

Company Name

SLGP RSF DKIB

Date SPI Disclosed

Nov 12, 2025

Country

Kyrgyz Republic

Region

Central Asia and Turkiye

Projected Board Date

Dec 12, 2025

Environmental Category

FI-2 - Limited

Status

Pending Disbursement

Last Updated Date

Jan 17, 2026

Department

Regional Industry FIG MCT

Industry

Financial Markets

Previous Events

Approved : Dec 19, 2025
Signed : Dec 25, 2025

Sector

Commercial Banking - Risk Mgmt Facility

Additional Project Attributes

Blended Finance

Project Description

The proposed project consists of an unfunded Risk Sharing Facility (RSF) for Demir Kyrgyz International Bank CJSC (DKIB or the Bank), a FIG portfolio client in the Kyrgyz Republic, an IDA country. The facility will be for up to eight years, during which IFC will guarantee up to US$5 million equivalent in local currency, covering 50% of the Bank's credit risk on a target portfolio of loans to micro, small and medium enterprises (MSMEs) with a principal amount of up to US$10 million equivalent in local currency (the Project). The Project is eligible for gender flagging, with at least 25% of the proceeds dedicated to women-owned MSMEs (WMSMEs) on a best-effort basis.

The Project would be processed under IFC's Small Loans Guarantee Program (SLGP), a programmatic approach to de-risk and scale-up financing for MSMEs in eligible countries, such as the Kyrgyz Republic.

Associated Advisory Engagement

The IFC advisory team is working on a proposal to collaborate with DKIB to recommend strategies for growing its MSME business, boosting competitiveness, and strengthening risk management. This will lead to stable portfolio growth and increased penetration across MSME segments, ultimately enhancing IFC's investment outcomes.

Sponsor / Cost / Location

Product Line	IFC Investment (million USD)
Risk Management
Guarantee	5.0
Loan
Equity

IFC's loan to the financial institution described in this SII is targeted for on-lending to the following sector(s):

Product Type	Use of Proceeds
Guarantee	Loans to MSME (mix of Micro and SME)
Guarantee	Loans to Woman-Owned SMEs

IFC's Definitions of Targeted Sectors can be found here.

Development Impact

The most significant expected project-level effect is increased access to MSME finance in the Kyrgyz Republic, including for women-led MSMEs. The proposed risk sharing facility will complement a recently approved US$15 million investment in unsecured bond (Project 49363). The two projects will share the same same development impact objectives and will be monitored together. Beyond the Project, IFC anticipates that through demonstration and replication effects, the Projects will contribute towards increased inclusiveness of women owned SMEs finance market in the country.

IFC's expected additionality in the Project will be financial and non-financial. The financial additionality is derived from the financing structure as IFC provides a risk mitigation solution to cover potential losses on eligible MSME facilities originated by the bank. The non-financial additionality will be in the form of knowledge, innovation and capacity building supporting the financial institution's MSME lending strategy through a product diagnostic.

Indicator	Metrics	Calendar Year 2022	Calendar Year 2023	Calendar Year 2024
Number of Outstanding Loans, Microenterprises	number	Not Available	Not Available	Not Available
Number of Outstanding Loans, Women-led Microenterprises	number	Not Available	Not Available	Not Available
Value of Outstanding Loans, Microenterprises	$	Not Available	Not Available	Not Available
Value of Outstanding Loans, Women-led Microenterprises	$	Not Available	Not Available	Not Available

E&S Category Rationale / Risks and Mitigation

The Bank’s SME portfolio includes mainly services and rentals, wholesale and retail trade, food processing and restaurant businesses, construction, manufacturing, with minor exposure in the agriculture sector, textiles, pharmaceuticals, medical services, and entertainment. The portfolio to be supported with this project will likely comprise mostly medium and medium-low environmental and social (E&S) risk transactions. The project has therefore been categorized as FI-2 according to the IFC’s Sustainability Policy. The Project will not support borrowers involved in coal related and higher-risk business activities including: (i) involuntary resettlement, (ii) risk of adverse impacts on indigenous peoples, (iii) significant risks to or impacts on the environment, community health and safety, biodiversity and cultural heritage, (iv) retrenchment, or (v) significant occupational health and safety risks. The project’s key risks and impacts are associated with the Bank’s ability to maintain sufficient capacities to manage properly the E&S risks associated with the SMEs asset class. For this Project, IFC's applicable requirements for the supported asset class will be the IFC Exclusion List and the applicable E&S national laws and regulations. The bank will adhere to IFC’s life and fire safety requirements and IFC’s Performance Standard 2 on Labor and Working Conditions and provide regular E&S performance reports to IFC. However, the HR policy will need to be updated, and relevant training conducted to be fully aligned with IFC PS2 requirements.

The Bank has an ESMS, which consists of an E&S Policy and procedures defining the basic principles and E&S requirements as well as detailing E&S due diligence. The ESMS includes screening against the IFC Exclusion List and in line with the national E&S laws, E&S risk categorization of loans, E&S due diligence for loans for each category, E&S monitoring and reporting and external communication mechanism. The Bank’s E&S responsibilities are assigned to the risk department and the corresponding appointed E&S staff. The Bank’s personnel involved in SME lending undergo regular training on the ESMS and how to use it. For this project, the Bank will develop and implement anti sexual harassment policy, introduce training on prevention of sexual exploitation, abuse and harassment during employee induction and offer periodic refresher courses, strengthen the grievance mechanism with Sexual Exploitation and Anti-harassment (SEAH) provisions, and capacity building for staff to properly manage SEAH cases.

S.no	Title	Anticipated Completion Date
1	Anti sexual harassment policy developed, including an enhanced grievance mechanism to handle SEAH cases and trained staff to manage such cases appropriately.	06/02/2026
2	Introduce training on prevention of sexual exploitation, abuse and harassment during employee induction and then regularly as refresher courses.	09/02/2026

Contacts

For Inquiries About the Project, Contact

Demir Kyrgyz International Bank CJSC
Nurlan Esenaliev
Head of Financial Institutions
+996312909060
Nurlan.Esenaliev@demirbank.kg
245 Chui Avenue, Bishkek, 720001, Kyrgyz Republic
www.demirbank.kg

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