Kiva conducts regular, ongoing monitoring of all Lending Partners, but only posts status updates here in response to relevant, major changes at the partner. 

Partner Description:

Bailyk Finance is a well-established MFI in Kyrgyzstan. It began operations in 2011 and grew quickly due to the large proportion of the population that was underserved in terms of financial services. At present, Bailyk Finance ranks third in the microfinance market and second from the point of view of its portfolio’s quality. The organization serves over 45 thousand customers, most of them from rural areas and small towns. The social impact is given by a number of aspects, which include access to financial services for segments of the population that are deprived of such services, e.g., women entrepreneurs and microentrepreneurs. The institution has also consistently developed new lines of business, such as green energy and conservation of energy resources. It has 8-year partnership with HMF IFC, an IFC project aimed at improving conditions for low-income Kyrgyz residents.

Bailyk Finance is financially sustainable, actively diversifying its services with a view to constantly investing in digitalization, and a reliable partner for reputable financiers such as Incofin, Blue Orchard, CrowdCredit, Enabling Capital, and Triodos Bank. In 2022, MicroFinanza Ratings awarded Bailyk Finance with Gold Certification, the highest level of achievement in terms of Client Protection.

A unique lending approach:

The company's mission is to create affordable financial solutions for residents of villages and small towns to improve their quality of life. Since its establishment, Bailyk has continued to expand its financial and credit activities, covering new regions, attracting new clients, and introducing new tools and access channels. In 2022, Bailyk has 44 offices throughout the country, of which 94% are located in remote regions of the country.

Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva Sep 29, 2023 Oct 12, 2005
Total Loans $196,105 $1,958,300,470
Amount of raised Inactive loans $0 $202,845
Number of raised Inactive loans 0 165
Amount of Paying Back Loans $185,865 $160,872,085
Number of Paying Back Loans 124 188,297
Amount of Ended Loans $10,240 $1,768,236,180
Number of Ended Loans 7 2,370,020
Delinquency Rate 0.00% 12.24%
Amount in Arrears $0 $12,206,242
Outstanding Portfolio $131,185 $99,725,561
Number of Loans Delinquent 0 72,811
Default Rate 0.00% 1.83%
Amount of Ended Loans Defaulted $0 $32,298,216
Number of Ended Loans Defaulted 0 84,743
Currency Exchange Loss Rate 0.03% 0.50%
Amount of Currency Exchange Loss $67 $11,931,838
Refund Rate 0.87% 0.54%
Amount of Refunded Loans $1,700 $10,526,300
Number of Refunded Loans 1 9,596

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 70.25% 78.22%
Average Loan Size $1,499 $392
Average Individual Loan Size $1,499 $589
Average Group Loan Size $0 $1,891
Average number of borrowers per group 0 8.3
Average GDP per capita (PPP) in local country $2,500 $5,599
Average Loan Size / GDP per capita (PPP) 59.94% 7.00%
Average Time to Fund a Loan 29.21 days 8.93 days
Average Dollars Raised Per Day Per Loan $51.30 $43.87
  Average Loan Term 17.21 months 11.47 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 0 1,178,470
  Journaling Rate 0.00% 42.26%
  Average Number of Comments Per Journal 0.00 0.02
  Average Number of Recommendations Per Journal 0.00 0.57

Borrowing Cost Comparison (based on 2009 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower N/A 34.00% PY 27.02% PY
  Profitability (return on assets) 4.67% 3.4% -3.10%
  Average Loan Size (% of per capita income) N/A 90.00% 0.00%

Country Fast Facts

Lending Partner Staff

Financial Department
Kunduz Derbisheva
API Implementation