Bailyk

funding gap emerging markets

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.

General information

BorrowerMicro-credit company "Bailyk Finance" LLC
CountryKyrgyzstan
Head officeBishkek
Websitehttps://www.bf.kg/
Founded 1 February 2011
Active on Lendahand since22 February 2022

Financial information per 2021-12-31

Portfolio Overview€26,850,533
Leverage ratio17.43%
Write-off ratio last 12 months0.10%
% investment amount in arrears (>90 days)2.35%

About Kyrgyzstan

Kyrgyzstan, officially the Kyrgyz Republic, is a mountainous landlocked country in Central Asia. Kyrgyzstan is bordered by Kazakhstan to the north, Uzbekistan to the west, Tajikistan to the south, and China to the east. Its capital and largest city is Bishkek. Ethnic Kyrgyz make up the majority of the country's six million people, followed by significant minorities of Uzbeks and Russians. It is a developing country ranked 120th in the Human Development Index, and the second poorest country in Central Asia. The country's transition economy is heavily dependent on deposits of gold, coal and uranium.

Last funded project

funding gap emerging markets
Kyrgyzstan

Bailyk 5

  • Bailyk

  • Local partner investment
+ 540 other investors

With a EUR 250,000 loan local partner Bailyk Finance (a women owned, managed & controlled company) will again provide financing to about 500 individual entrepreneurs and farmers in rural areas of the Kyrgyz Republic. **please note: this project contains an exchange rate risk EUR/USD)**

€250,000
Amount
5.00%
Interest
24 months
Maturity
6 months
Repayments
USD
Currency
    Amount€250,000
    Interest5.00%
    Maturity24 months
    Repayments6 months
    CurrencyUSD
      100%
      Fully funded in 45 days on 31 October 2022.