Kyrgyzstan

Financial services

Financing granted

Loan of €891,000 *
(equivalent in local currency)

Foundation partner

since 2019
(1 loan 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:

Salym Finance is a Tier 2 microfinance institution that was created in 2007 by four Kyrgyz entrepreneurs to support, develop activities and improve the standard of living of the population by creating financial conditions conducive to economic development.

Impact:

Salym Finance supports mainly people with limited income from rural areas or urban peripheries by offering various products: housing loans, consumer loans, agricultural loans and business loans.

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