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Bishkek, Kyrgyz Republic, June 1, 2023—More individuals and micro-enterprises in the Kyrgyz Republic are expected to have improved access to finance following IFC's $15 million loan, denominated in local currency, to Kyrgyz Investment and Credit Bank.

The funds will allow KICB to provide more local currency home microloans to low-income families and financing to women-led microenterprises, strengthening the country's economic resilience post-pandemic.   

In the Kyrgyz Republic, the financing gap for smaller enterprises, including those owned by women, is estimated at $1.4 billion, equival...

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