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IFC to Help Kyrgyz Not-for-Profit Group Reach More Microentrepreneurs

The International Finance Corporation, the private sector arm of the World Bank Group, today signed an agreement to provide a $2.2 million financing package to Micro Credit Agency Bai Tushum Financial Foundation, one of Kyrgyzstan?s leading micro lending institutions. Through the package, IFC will support the transformation of Bai Tushum from its present not-for-profit status to a more sustainable, commercially-oriented, deposit-taking financial institution that can serve as a...

Source

ifc.org (link opens in a new window)

Region

Europe & Eurasia