News

Bailyk Finance congratulated the KyrSEFF Sustainable Energy Support and Financing Program in Kyrgyzstan on its 10th anniversary!

Today, Bailyk Finance Company congratulated the KyrSEFF Sustainable Energy Support and Financing Program in Kyrgyzstan on its 10th anniversary, as well as on the launch of a new phase – the KyrSEFF III Program.

The KyrSEFF program is funded by the European Bank for Reconstruction and Development (EBRD) and supported by the European Union. The event summed up the results of 10 years of successful implementation of the Program and outlined plans for the future.
Since Bailyk Finance successfully cooperates with the EBRD in providing financing to entrepreneurs from rural areas, supports ESG standards, and has been successfully implementing Green Finance development initiatives for many years, the Company could not stay away from the event and congratulate its reliable Partner.

“We would like to express our gratitude to the European Bank, the European Union and the KyrSEFF Program Team for their contribution to the development and promotion of Green Finance in Kyrgyzstan. We hope that the new financing vector, outlined in KyrSEFF III to support inclusive financial products, will allow not only partner banks, but also the microfinance sector, which occupies a large niche in the regions, to be involved in the implementation of the Program, and therefore makes it more accessible for the population to receive targeted financing KyrSEFF,” said Moldazhanova Chinara, General Director of MCC “Bailyk Finance”, in her speech.