Kyrgyzstan

Financial services

Financing granted

Loan of €1.4M *
(equivalent in local currency)

Foundation partner

since 2017
(3 loans granted)

*Outstanding amount at grant value
Partner website

Context:

Agriculture remains a vital part of Kyrgyzstan’s economy and a refuge for industrial workers. It accounts for more than 38% of the country’s GDP. 25% of population live below the poverty line.

The Institution:

OXUS Kyrgyzstan (OKG) is a Tier 3 microfinance institution created in 2006 by OXUS Group and ACTED. It is a responsible company committed to providing financial services to the working poor and under-banked in Kyrgyzstan.

Impact:

OKG OXUS creates and provides effective microfinance services to improve the sustainable livelihoods of its clients. It serves 7,008 active borrowers (47% women and 57% in rural areas) and manages a portfolio of €6.6 million. It operates in 2 of the largest cities (Bishkek and Osh) and 5 out of 7 regions through a network of 11 branches and 113 employees.

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