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Partner Description:

Bailyk Finance is a well-established MFI in Kyrgyzstan. It began operations in 2011 and grew quickly due to the large proportion of the population that was underserved in terms of financial services. At present, Bailyk Finance ranks third in the microfinance market and second from the point of view of its portfolio’s quality. The organization serves over 45 thousand customers, most of them from rural areas and small towns. The social impact is given by a number of aspects, which include access to financial services for segments of the population that are deprived of such services, e.g., women entrepreneurs and microentrepreneurs. The institution has also consistently developed new lines of business, such as green energy and conservation of energy resources. It has 8-year partnership with HMF IFC, an IFC project aimed at improving conditions for low-income Kyrgyz residents.

Bailyk Finance is financially sustainable, actively diversifying its services with a view to constantly investing in digitalization, and a reliable partner for reputable financiers such as Incofin, Blue Orchard, CrowdCredit, Enabling Capital, and Triodos Bank. In 2022, MicroFinanza Ratings awarded Bailyk Finance with Gold Certification, the highest level of achievement in terms of Client Protection.

A unique lending approach:

The company's mission is to create affordable financial solutions for residents of villages and small towns to improve their quality of life. Since its establishment, Bailyk has continued to expand its financial and credit activities, covering new regions, attracting new clients, and introducing new tools and access channels. In 2022, Bailyk has 44 offices throughout the country, of which 94% are located in remote regions of the country.