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Kyrgyzstan Economy

Entrepreneurship Development Fund transforms into microfinance company

Source: Kabar ·

Entrepreneurship Development Fund transforms into microfinance company
Photo: Kabar

Bishkek, October 16, 2026 /Kabar/. The Entrepreneurship Development Fund Open Joint-Stock Company (OJSC) has been officially transformed into a microfinance company. As a result, the maximum loan available to entrepreneurs will rise from 5 million to 9 million soms.

After state re-registration, the company will continue operating as the Entrepreneurship Development Fund Microfinance Company (MFC) OJSC. The new status is expected to expand financial support for small and medium-sized enterprises (SMEs), increase lending volumes and introduce new financial instruments.

"While we were previously able to provide entrepreneurs with loans of up to 5 million soms, this limit has now been raised to 9 million," the statement says. "These funds will allow our entrepreneurs to purchase modern equipment, expand production, implement innovative solutions and create new jobs."

The status also creates a legal framework for accepting deposits, subject to a license from the National Bank. This would allow the company to diversify its funding sources in the future.

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This story was automatically summarised and translated from Kabar. All rights to the story belong to its source.

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