The project

Thanks to a loan from Bailyk Finance, Farida from Kyrgyzstan could buy a cow, providing her family with extra income and stability. Previously, she struggled to support her family, but the additional income from the sale of milk brought stability. She hopes to save enough to send her children to study abroad.

Bailyk Finance is committed to gender equality, with 58% of their borrowers being women, including Farida. With your support for Bailyk Finance, more female entrepreneurs like Farida can improve their lives and achieve economic independence, highlighting the power of microfinance.

Curious about how one cow can make a difference? Learn more about Farida’s story below:

What social impact does your investment make?

Kyrgyzstan ranks high among countries with a large percentage of people living below the poverty line. As much as 32% of the population, which is about 2 million people, survives on less than €1.60 per day.

Bailyk Finance is a microfinance institution owned and led by women. This organization focuses on improving the position of women by providing them with training in financial literacy and entrepreneurial skills, as well as financial assistance. About 58% of Bailyk's clients are female entrepreneurs. These women receive working capital to grow their businesses and support their families, contributing to gender equality and economic stability.

Bailyk also targets people with low incomes who do not have access to traditional banks. With 51 branches spread across the country, Bailyk makes its services accessible to clients in remote areas, giving them economic opportunities that would otherwise be out of reach.

What financial return could your investment generate? 

• Annual interest rate of 6%. 
• The maturity of the loan is 24 months. 
• With an investment of 1,000 euros, your expected repayment would be 1,075 euros
• Please consider that although you invest in EUR, the loan is in USD, so there is a risk of exchange rate fluctuations between dollars and euros. For more information, please visit our currency page

The story of Bailyk Finance

Bailyk Finance is a microfinance institution in Kyrgyzstan with over 57,000 active clients and 51 offices spread across the country. The organization focuses on improving the quality of life of people in villages and small towns by providing affordable financial solutions. Bailyk Finance's loan portfolio grew by 2% compared to the end of 2023. The company's total capital in the first quarter of 2024 is approximately $9.2 million.

Bailyk Finance employs more than 500 people. The company offers its employees training, career development opportunities, competitive salaries, and both material and non-material support, such as health check-ups and sports events.

Bailyk in Numbers

• Founded in 2011
• 51 offices across all regions of Kyrgyzstan
• 58% of their borrowers are female
• Third-largest microfinance institution in Kyrgyzstan