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According to the EBRD, the project consists of the provision of a senior synthetic KGS loan of up to US$ 4 million to FINCA Bank under the Central Asian Women in Business Programme (CA WiB) for on-lending to women-led micro, small and medium-sized enterprises.
The project objective is to promote and support women entrepreneurship in Kyrgyz Republic and, more broadly, women's participation in business by assisting women-led micro, small and medium-sized enterprises (MSMEs) to access finance, know-how and advice, particularly in the country's regions. The financing gap is a major obstacle in enabling the transition of women-led MSMEs.
The EBRD categorized the project risk as FI, without providing additional information on the project risks.
As stated by the EBRD, FINCA Bank Kyrgyzstan (FBK) was founded as a charitable foundation in 1995, aiming to provide financial services to low-income entrepreneurs. It was subsequently transformed into a microfinance company in 2003, and ultimately became a fully regulated bank in 2015.
FBK provides a wide range of services including loans to MSMEs, agricultural loans and money transfer services, current accounts for legal entities and individuals, fixed-term and saving deposits, settlement and encashment services.
Financial Intermediary - FINCA Bank Kyrgyzstan CJSC:
Email: nullfinca@fincabank.kg
Phone: +996(312)440440
Website: www.fincabank.kg
Address: 93/2 Shopokov street, 720011, Bishkek, Kyrgyzstan
ACCESS TO INFORMATION
You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request
ACCOUNTABILITY MECHANISM OF EBRD
The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.
You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en
You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html