Adal Azyk (IFC-49580)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Kyrgyzstan
Geographic location where the impacts of the investment may be experienced.
Specific Location
Northwestern part of Issyk Kul, Kemin, Balykchy town, Sarikamish village; Issyk Kul and Chui regions
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
May 14, 2025
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Adal Azyk LLP
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 20.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 20.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 33.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Community Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS May 14, 2025

Disclosed by Bank Apr 14, 2025

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the IFC, the proposed financing consists of a senior secured Kyrgyz Som (KGS)-denominated loan of up to US$20 million equivalent to Adal Azyk LLC (AA or the Company), the largest sausage producer and integrated poultry farm in the Kyrgyz Republic, an IDA country, with about 55% market share in the fast-growing Kyrgyz sausage market, and a highly competitive position in the country’s poultry market. 

The IFC Loan will help fund the US$33 million investment program aimed at expansion of poultry operations in 2024-2026, including construction of 24 broiler sheds, and a new feed mill (the Project). The Project will be implemented by Agro Kush LLC (AK), a subsidiary of AA. The Project is expected to be supported by the IDA PSW Local Currency Facility (IDA PSW LCF) as described in the Blended Finance Section.

AK’s operations are vertically integrated and include a feed mill, a hatchery, forty-eight (48) broiler sheds, a slaughterhouse, rendering and wastewater treatment plants, and waste storage facilities. These facilities were commissioned in 2021 and are located in the northwestern part of Issyk Kul Lake near the Balykchy town and Sarikamish village. All broiler sheds are located in rural areas with a biosecurity buffer zone perimeter of at least two km with the neighboring villages. The broiler sheds and feed mill in Kemin are approximatively 700 meters away from the nearest settlement, which is in line with national regulations. The raw material to feed the birds is purchased from suppliers in KR (wheat and corn) and Russia (soybean meal).

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by the IFC, Adal Azyk LLP (Toyboss) is majority owned by the Orumbayev family (89%), with the remaining 11% shares belonging to Mrs. Valentina Alymkulova.

As stated on the company's website, after extensive planning with foreign experts, in 2021, the first site of the “Agro Kush” poultry farm was launched. The poultry factory now is the largest and most modern in Kyrgyzstan, featuring its own waste processing plant, feed mill, and laboratory. Agro Kush LLC is a fully-owned subsidiary of the company.

As stated on the company's website, ALBERK was founded in 1995 to meet the needs of the Poultry sector. With decades of know-how, ALBERK has become a globally recognized, well-known and prestigious company in this sector through its projects which has established them in more than 30 countries.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
Adal Azyk LLC (Toyboss) Client Agriculture and Forestry owns Agro Kush LLC Subsidiary Agriculture and Forestry
Adal Azyk LLC (Toyboss) Client Agriculture and Forestry contracts with Alberk Proses Makineleri Contractor Industry and Trade

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

General IFC Inquiries - IFC Communications:

Address: 2121 Pennsylvania Avenue, NW, Washington DC 20433
Telephone: +1 202-473-3800
Fax: +1 202-974-4384

Client - Agro Kush LLC:

Askar Arpachiev - CFO
Phone: +996 705 331 133
Email: aarpachiev@toyboss.kg
Address: Logvinenkovskiy 159, Novopokrovka v., Ysyk-Ata district, Chui region, Kyrgyz Republic
Website: https://agrokush.kg/ 

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org

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