Micro-credit company Bailyk Finance, founded in 2011, is a Bishkek-based organization owned and led by women. Its mission is to improve the quality of life for residents of rural areas and small cities by offering affordable financial solutions. The company currently serves over 57,000 active clients with its 51 offices located throughout all regions of the Kyrgyz Republic.
Bailyk Finance offers a range of secured and unsecured credit products, including green loans. Over 80% of the credit portfolio focuses on financing income-generating activities, mainly agriculture. The company also conducts financial literacy workshops and offers training on agriculture financing, improving living conditions, and green finance.
Innovation is at the forefront of Bailyk's development. The company regularly launches new projects to improve client access to financing, simplify the loan process, and reduce operating costs. In 2021, Bailyk received a license to provide Islamic financing and implemented an electronic client dossier to streamline the credit process.
From 2018 to 2021, Bailyk Finance more than tripled its loan book to USD 30 million, becoming the third-largest MFI in Kyrgyzstan. The company's total capital is approximately USD 9.2 million.
General information
| Borrower | Micro-credit company "Bailyk Finance" Closed Joint Stock Company |
| Country | Kyrgyzstan |
| Head office | Bishkek |
| Website | https://www.bf.kg/ |
| Founded | 1 February 2011 |
| Active on Lendahand since | 22 February 2022 |
| Credit Score | A+ |
Financial information per 2024-06-30
| Portfolio Overview | €53,984,989.06 |
| Leverage ratio | 83.83% |
| Write-off ratio last 12 months | 0.01% |
| % investment amount in arrears (>90 days) | 2.11% |
About Kyrgyzstan
Kyrgyzstan, officially the Kyrgyz Republic, is a mountainous landlocked country in Central Asia. Kyrgyzstan is bordered by Kazakhstan to the north, Uzbekistan to the west, Tajikistan to the south, and China to the east. Its capital and largest city is Bishkek. Ethnic Kyrgyz make up the majority of the country's six million people, followed by significant minorities of Uzbeks and Russians. It is a developing country ranked 120th in the Human Development Index, and the second poorest country in Central Asia. The country's transition economy is heavily dependent on deposits of gold, coal and uranium.
Last funded project
KyrgyzstanBailyk 8
Farida's life in Kyrgyzstan improved significantly with a loan from Bailyk Finance, allowing her to purchase a cow. This brought additional income and stability to her family. Invest in Bailyk Finance and support 300 female entrepreneurs like Farida with microloans, helping them achieve financial independence.