Originally published: August 12, 2008
Source: International Finance Corporation (IFC)
International Finance Corporation (IFC) has signed a loan agreement with the Kyrgyz Investment and Credit Bank to expand its micro, small, and medium enterprise lending operations in less developed areas of the Kyrgyz Republic. IFC’s USD5 million loan will also finance projects in agriculture sector.
IFC is a shareholder in the Kyrgyz Investment and Credit Bank with an equity stake of 17%. Other stakeholders include the Aga Khan Fund for Economic Development, Habib Bank Limited, Germany’s DEG and KfW, the