Bailyk 33
This is Urkuya. Her shop in the capital of Kyrgyzstan offers a wide range of household appliances. Thanks to a loan from Bailyk, she opened her current shop. She now employs five people.
The project
Last summer, we travelled to Kyrgyzstan, where we met entrepreneurs who borrow from Bailyk, a microfinance institution. Urkuya is one of them.
Urkuya owns a shop selling household appliances. It is filled with televisions, air fryers, washing machines, tableware and all kinds of other household products.
She originally started her business in a shipping container, but a loan from Bailyk enabled her to move to a permanent shop in a better location. She now employs five people.
Bailyk provides microloans to entrepreneurs across Kyrgyzstan, particularly in rural areas where access to financing is limited. Women entrepreneurs often struggle to obtain loans from traditional banks. One reason is that they may have less access to land and other assets that can be used as collateral.
Your investment in Bailyk contributes to greater financial inclusion for entrepreneurs in Kyrgyzstan.
Your investment
- Annual interest rate: 6%
- Maturity: 24 months, you will receive a repayment every six months including the interest
- With an investment of €1,000, the expected total repayment is €1,075
- Currency: Dollar. Please note that although you invest in euros, the loan is in dollars, so there is a risk of exchange rate fluctuations between dollars and euros. Visit our page on exchange rate risks for more information.
Bailyk
Impact
Bailyk Finance is a women-led microfinance institution dedicated to strengthening the position of women in Kyrgyzstan. By providing financial literacy training, entrepreneurial support, and working capital, Bailyk helps female entrepreneurs, who make up 59% of its clients, grow their businesses, support their families, and drive economic stability.
In a country where 32% of the population (about 2 million people) lives on less than €1.60 per day, access to finance is a powerful tool against poverty. It fosters entrepreneurship, creates jobs, reduces emigration, and improves living conditions.
With 51 branches across Kyrgyzstan, Bailyk also serves low-income individuals without access to traditional banks, ensuring economic opportunities reach even the most remote areas.
Related blog posts
- Read the introduction of Bailyk as a new investment opportunity here.
- Learn more about Kyrgyzstan as an emerging market here.
- Want to learn more about how financial inclusion can help entrepreneurship thrive? Read here.
- Wondering which other microfinance institutions we have in our portfolio? Check them out here.
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