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Bailyk Finance signed an agreement with the Uzbek-Kyrgyz Development Fund (UKDF) to provide a credit line

Bailyk Finance signed an agreement with the Uzbek-Kyrgyz Development Fund (UKDF) to provide a credit line for a total of $1 million to finance business in the Kyrgyz Republic

“The task of our Company is to develop and support micro and small businesses in rural areas. Thanks to cooperation with the UKFM, we will be able to increase the coverage and access to financing for microentrepreneurs,” said Chinara Moldazhanova, General Director of MCC “Bailyk Finance”, after the signing.
To date, the Company occupies the 3rd place in the microfinance market, serving more than 50,000 clients throughout the country. It should be noted that the share of entrepreneurs in the Company’s portfolio is more than 66%.