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Expanding the horizons of cooperation between Bailyk Finance and APIU with the support of IFAD

On May 17, 2023, the top management of the Bailyk Finance Company discussed with the IFAD Program Manager Karim Sissoko the status of the implementation of the Agency Lending Implementation Project, developed with the support of the “Ensuring Market Access” project funded by IFAD. As a result of the discussion, agreements were reached on additional technical support of the Company, namely assistance in mobilizing farmers and conducting an information campaign, as well as a round table with the participation of stakeholders of the dairy cluster. Karim Sissoko at the meeting noted the relevance of innovation for the Kyrgyz market, and also expressed hope for the successful implementation of innovation, which is supported by IFAD.
“The introduction of this innovation benefits all cluster members, in particular Bailyk Finance gets the opportunity to expand access to microfinance in remote regions of the country, dairy processing plants are provided with stable suppliers of high-quality milk. And the most important link is the farmers who will receive timely financing with facilitated conditions,” said Arzymat Derbishaliev, Director of the Regional Department of MCC “Bailyk Finance”.

For reference:
The Agricultural Projects Implementation Unit (APIU) under the Ministry of Agriculture of the Kyrgyz Republic was established to coordinate, manage and implement agricultural projects that receive financial support from the World Bank Group, the International Fund for Agricultural Development (IFAD) and other donors.