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IFC Investments in the Kyrgyz Republic (selected)


Year
Project
Project
Cost*
(million USD)
IFC
Financing*
(million USD)
Project
Description
2008SEF Altyn Ajydar
2.9
1.6
To support the construction of carboard and fluting paper plant and modernization of existing packaging plant
2007SEF Magic Box
3.0
1.5
Loan to Magic Box, the largest producer of small cardboard packages, to fund the second stage of its capacity building expansion
2006Bai Tushum
1.8
For the extension of a Micro Credit Agency, Bai Tushum Financial Fund, one of Kyrgyzstan's leading licensed micro lending institutions.
2005SEF Altyn Aj II
2.9
1.4
Loan to build a cardboard and fluting paper plant and modernize a corrugated packaging plant.
2005KICB II
2.0
2.5
Loan to broaden its funding base and increase its small and medium enteprise portfolio.
2004Ineximbank
3.0
1.5
Credit line to Ineximbank for on- lending to Kyrgyz micro and small enterprises.
2003AKB Kyrgyzstan
3.0
1.5
Credit line to AKB for on-lending to micro and small enterprises.
1996/2003Demirbank Kyrgyz
6.1
0.6
Establishment of a joint venture bank which will serve as a best practices model for the banking sector in the country.
2002Central Asia Facility
118.0
45.0
Loan to the Central Asia Micro and Small Enterprise Facility, to increase availability of funds for small enterprises by creating specialized micro and small business finance windows at selected local banks.
2002FINCA
2.5
1.0
Equity to expand the activities of FINCA Kyrgyzstan and prepare for conversion into a regulated institution.
2001SEF Akun Ltd.
10.8
2.4
Loan and quasi-equity to establish pasta and macaroni plant that will be integrated into existing flour and semolina plant.
2001SEF KICB
7.0
1.4
Equity to provide a full range of commercial banking services to private companies, companies undergoing privatization, and SMEs.
2000SEAF Central Asia Small Enterprise Fund
20.0
2.5
SEAF Central Asia Enterprise Fund LLC will provide equity, quasi-equity, debt financing, and technical and managerial assistance to Central Asia.

* Project cost and IFC financing refer to amounts approved by the IFC's Board.