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Loan facility to Aiyl Bank to support its microlending programme in the Kyrgyz Republic
Country
Kyrgyz Republic
Sector
Financial sector
Timeline
2014–2017
Project description
Loan facility
Project objectives:
Providing a loan facility of up to US $5,000,000 to Aiyl Bank (Kyrgyz Republic) to finance small and medium-sized enterprises and implement an energy efficiency programme/trade finance in the Kyrgyz Republic
Sustainable development and market economy development effects:
· Supporting the development of micro and medium-sized enterprises is critical for the nation’s economic progress and providing added financial support under the loan has a positive impact on this process.
· Leveraging additional external financing can enhance the borrower’s image, corporate governance and credit ratings and help it expand its financial activities.
The loan facility is expected to foster the sustainable development of micro and small-sized enterprises, enhance the competitive environment and thereby stimulate production, expand the range of goods and services, and improve the quality of products.Client
Aiyl Bank
5,000,000