According to FMO website under this project the provided loan is allocated to Bai Tushum Bank (“BTB”) in Kyrgyzstan with the purpose of providing stable medium term funding in local currency to finance BTB's loan portfolio and improve the balance sheet structure of the bank.
The funds will be used to finance a combination of Micro clients and women/youth/rural agricultural SME clients of the bank.
Environmental and social rationale
The project has been categorised as Category C in accordance with FMO’s Sustainability Policy. The Project’s activities are deemed to have minimal or no adverse environmental and social risks and/or impacts.
Bai Tushum Bank (“BTB”) is a top-10 mid-sized universal bank with focus on MSME/Retail in the Kyrgyz Republic. With ~700 staff the bank operates a countrywide network. Their mission is to help their country, society, citizens and businesses by means of providing understandable, affordable and innovative financial solutions.