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funding gap emerging markets

Bailyk 6

  • Bailyk
  • Invest in microfinance
  • + 497 other investors
  • With a EUR 150,000 loan local partner Bailyk Finance (a women owned, managed & controlled company) will again provide financing to about 300 individual entrepreneurs and farmers in rural areas of the Kyrgyz Republic. **please note: this project conains an exchange rate risk EUR/USD)**

    24 months
    6 months
    Maturity24 months
    Repayments6 months
      Fully funded in 40 days on 15 May 2023.

      The project

      About the company

      Micro-credit company Bailyk Finance LLC, founded in 2011, is a Bishkek-based microfinance organization with the mission to improve rural and small cities’ residents’ quality of life by creating affordable financial solutions. The company currently serves its client base of around 45 000 people with its 43 offices located throughout all regions of the Kyrgyz Republic.

      Bailyk Finance offers a range of secured and unsecured credit products, including green loans and home improvement loans, to low-income residents of rural areas and small cities with no access to banking services. Over 80% of the credit portfolio focuses on financing income-generating activities, mainly agriculture. In addition to providing funding, the company conducts financial literacy workshops for its clients and offers training on agriculture financing, improving living conditions, and green finance.

      The company puts innovation at the forefront of its development by regularly launching new projects that improve clients’ access to financing, simplifying the process of obtaining financing, and reducing operating costs. On November 22, 2021, the Company received the license to carry out Islamic financing.

      Over 2018-2021 Bailyk Finance has more than tripled its loan book and reached US$30M making the company the third-largest MFI in Kyrgyzstan. Despite the pandemic and worsening economic climate in Kyrgyzstan, the company has maintained one of the lowest portfolio-at-risk ratios (2.8% PAR 30 in Q4 2021) in microfinance. The company’s total equity as of Q4 2021 is about US$5.8M.

      About the loan

      With a EUR 150,000 loan, Bailyk Finance will provide financing to about 300 individual entrepreneurs and farmers in rural areas of the Kyrgyz Republic.

      The main activities of Bailyk Finance are as follows:

      • Micro-crediting of individuals of the Kyrgyz Republic, as well as provision of consulting and information services related to the provision of microcredit services.
      • Carrying out transactions according to the principles of Islamic banking and finance in the manner prescribed by the legislation of the Kyrgyz Republic.

      The Company’s main sources of income are interest and fees earned on the individual loans it provides. Currently, the Сompany has about 45 000 clients and about 56 000 number of outstanding loans. The Company reaches its clients through 43 branches situated throughout the country. Every year the company is expanding its geography by opening new branches, mainly in rural areas. In 2022, it is planning to open about 6 new offices. About 95% of the Company’s GLP are repaying on time according to schedule. The minimum loan maturity is 1 month while the maximum loan maturity is 36 months.



      Contribute to the quality of life improvements for the rural population of Kyrgyzstan by offering accessible financial solutions



      To become:

      • A leader in the microcredit sector;
      • The best brand for customers;
      • The best employer on the market;
      • A socially responsible company in society.



      • In December 2019, Bailyk Finance received Financial Rating from the international rating company MFR (MicroFinanza Rating). It was graded: BBB, outlook: Stable.
      • In February 2022, Bailyk Finance received Client Protection Certification from the international rating company MFR (MicroFinanza Rating). The Company was assigned the «Gold» level of achievement, which is considered the highest level of achievement.


      Company nameBailyk
      CEOChinara Moldazhanova
      Credit scoreB


      Bailyk is a women-led microfinance institution in Kyrgyzstan, dedicated to improving access to finance for entrepreneurs and families in rural areas of the country. 58% of their borrowers are women looking for working capital to expand their business and to improve their family homes.

      Access to finance is an effective tool against poverty. It increases entrepreneurial activity, resulting in job creation, a decrease in emigration, and improved living conditions.


      SDGs impacted

      With this project you are contributing to the following Sustainable Development Goals:

      SDG 1 - No poverty

      SDG 8 - Decent work and economic growth

      Read more about the impact you can make through our platform and the SDGs on our impact page.


      Related blog posts

      • Read the introduction of Bailyk as a new investment opportunity here.
      • Learn more about Kyrgyzstan as an emerging market here. 
      • Want to learn more about how financial inclusion can thrive entrepreneurship? Read here.
      • Wondering which other microfinance institutions we have in our portfolio? Check them out here.
      • With this investment 10 jobs are created
      • With this investment 1500 lives are improved

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      We have already contributed to Bailyk 6

      Eliza Luszczewska
      Danny Honig
      Jan van Munster
      Piet van der Kooi
      Hans Bierhuis
      + and another