Triodos Emerging Markets Renewable Energy Fund and Triodos Groenfonds have provided a KGS 212 million (USD 2.5 million) loan to microcredit institution Bailyk Finance in Kyrgyzstan for the expansion of its green loan offering.
Bailyk Finance provides affordable financial solutions to around 43,000 small businesses and households, predominantly in rural areas of Kyrgyzstan. For the coming three years, the expansion of green loans is one of the institution’s strategic pillars. Examples are loans for renewable energy sources, for the installation of solar powered fridges, heaters and dryers and loans for energy efficiency improvements of residential buildings, for example insulation.
Senior Investment Manager Altynai Valikhanova: “This green loan offering enables Bailyk Finance to stand out as a facilitator of green solutions in the microfinance sector of Kyrgyzstan."