funding gap emerging markets

Micro-credit company Bailyk Finance, founded in 2011, is a Bishkek-based organization owned and led by women. Its mission is to improve the quality of life for residents of rural areas and small cities by offering affordable financial solutions. The company currently serves over 57,000 active clients with its 51 offices located throughout all regions of the Kyrgyz Republic.

Bailyk Finance offers a range of secured and unsecured credit products, including green loans. Over 80% of the credit portfolio focuses on financing income-generating activities, mainly agriculture. The company also conducts financial literacy workshops and offers training on agriculture financing, improving living conditions, and green finance.

Innovation is at the forefront of Bailyk's development. The company regularly launches new projects to improve client access to financing, simplify the loan process, and reduce operating costs. In 2021, Bailyk received a license to provide Islamic financing and implemented an electronic client dossier to streamline the credit process. 

From 2018 to 2021, Bailyk Finance more than tripled its loan book to USD 30 million, becoming the third-largest MFI in Kyrgyzstan. The company's total capital is approximately USD 9.2 million.


General information

BorrowerMicro-credit company "Bailyk Finance" Closed Joint Stock Company
Head officeBishkek
Founded 1 February 2011
Active on Lendahand since22 February 2022
Credit ScoreA+

Financial information per 2024-03-31

Portfolio Overview€46,769,901
Leverage ratio83.00%
Write-off ratio last 12 months0.00%
% investment amount in arrears (>90 days)0.02%

About Kyrgyzstan

Kyrgyzstan, officially the Kyrgyz Republic, is a mountainous landlocked country in Central Asia. Kyrgyzstan is bordered by Kazakhstan to the north, Uzbekistan to the west, Tajikistan to the south, and China to the east. Its capital and largest city is Bishkek. Ethnic Kyrgyz make up the majority of the country's six million people, followed by significant minorities of Uzbeks and Russians. It is a developing country ranked 120th in the Human Development Index, and the second poorest country in Central Asia. The country's transition economy is heavily dependent on deposits of gold, coal and uranium.

Last funded project