Universal Credit

funding gap emerging markets

Universal Credit has been supporting entrepreneurs in Kyrgyzstan with accessible and affordable microloans since 2006. These loans provide people in rural areas the opportunity to start or expand their businesses. Universal Credit manages to offer one of the lowest interest rates to underserved entrepreneurs. Through this financing, Universal Credit promotes not only business growth but also well-being, stability, and financial independence.

The organization focuses on women actively engaged in entrepreneurship in rural areas, where access to financing is limited. In addition to loans, Universal Credit offers financial literacy training, empowering entrepreneurs to make more informed decisions. The organization also invests in green loans and an ESG strategy to promote sustainable economic development. In this way, Universal Credit contributes to a brighter future for entrepreneurs and their communities.

 

General information

BorrowerМiсrосгеdit соmрапу "Universal Сгеdit" Limited Liability Company
CountryKyrgyzstan
Head officeBishkek
Websitehttps://u-credit.kg/en/home/
Founded20 December 2006
Active on Lendahand since27 November 2024
Credit ScoreA

Financial information per 2024-06-30

Portfolio Overview€9,112,556
Leverage ratio76.00%
Write-off ratio0.00%
% investment amount in arrears (>90 days)0.34%

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