MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Loans $6m in Local Currency to Microfinance Institution (MFI) Bai Tushum of Kyrgyz Republic

The European Bank for Reconstruction and Development (EBRD), a development finance institution, has agreed to make a three-year, local-currency loan of KGS 270 million (USD 6 million) to Bai Tushum and Partners, a non-banking microfinance institution (MFI) operating in the Kyrgyz Republic. Bai Tushum will use the funding to expand its loan portfolio, with a specific focus on increasing the MFI's credit program for agricultural microenterprises. The loan to Bai Tushum is the first investment in the Kyrgyz Republic under the EBRD's Local Currency Lending Programme in Early Transition Countries (ETC) that aims to minimize.... Continue reading here. Contact MicroCapital to receive a complete sample issue of the MicroCapital Monitor, the monthly microfinance newspaper.