Amanat Credit 7
In Kyrgyzstan, women are strongly represented among small and medium-sized entrepreneurs: 68.3% of these entrepreneurs are women. Yet they often have limited access to financing. Amanat Credit makes credit more accessible and encourages entrepreneurship among women.
The project
For many women in Kyrgyzstan, financial exclusion still poses an obstacle to economic independence. Only 18.2% of female small and medium-sized entrepreneurs have a business loan. For many, loans are too expensive or simply unavailable. Without financing, it remains difficult to start a business, grow it and build a stable income.
Amanat Credit breaks through these barriers by giving female entrepreneurs access to financing, even in rural areas where financial services are scarce. More than half of its customers are women, and the organisation is led by a female CEO.
By supporting entrepreneurs, increasing financial knowledge and stimulating sustainable initiatives, Amanat Credit strengthens the position of female entrepreneurs. In this way, the microfinance institution is committed to inclusive financing within small and medium-sized enterprises.
Will you invest in accessible financing and equal opportunities for entrepreneurs in Kyrgyzstan?
Amanat on Lendahand
- Active on Lendahand since: November 2024
- Total raised: €900,138
- Already repaid: €103,426
- Interest disbursed: €12.322
- Payments on time: 3 out of 3 (100%)
Your Investment
- Annual interest rate: 7%
- Maturity: 12 months
- For a €1,000 investment, the expected total repayment is €1.053
- Repayment: Every six months. This means that the loan is repaid in two instalments, one every six months. Interest is also paid every six months.
- Currency: dollar. Please note that while you invest in euros, the loan is in dollars, which means there is a risk of currency fluctuations between the two. For more details, visit our currency risk page.
Amanat Credit
Impact
Amanat Credit strengthens economic independence in Kyrgyzstan by providing microloans to small entrepreneurs in remote areas. These loans empower entrepreneurs to start or expand their businesses, directly contributing to local economic growth and development.
Beyond financial support, Amanat Credit plays a crucial role in educating entrepreneurs. They offer financial training that helps entrepreneurs develop their financial knowledge and skills, enabling them to better manage their businesses and achieve sustainable growth.
Through this combined approach of lending and education, Amanat Credit not only supports the success of individual businesses but also contributes to the broader economic development of the country.
Related blog posts
- Learn more about Kyrgyzstan as an emerging market here.
- Curious about other microfinance institutions in our portfolio? Explore them here.
- Want to know more about how financial inclusion can boost entrepreneurship? Read here.
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