International Finance Corporation – Kyrgyz Republic Housing Microfinance Advisory Services Project

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Project Status: Active
Project at-a-glance
Project Name Kyrgyz Republic Housing Microfinance Advisory Services Project
Sector/Subsector Finance
Country Kyrgyz Republic
Project Opening Date 2012
Project Closing Date Present
Responsible Institution
Responsible International Financial Institution International Finance Corporation
Objectives
Strategic Agenda

To provide access to finance for home improvements and home extensions to low-income Kyrgyz households.

Description

IFC helps improve housing conditions for low-income Kyrgyz households by introducing to the local financial institutions an innovative housing microfinance lending product, enabling them to provide funding for home improvements to low-income residents.

The housing microfinance product enables low-income Kyrgyz households to obtain funds to conduct home improvements on a self-help basis. To enable borrowers to take these loans, the financial institutions supplement their financial services with Construction Technical Advice (CTA). The Project will develop a set of TCA tools to help lenders develop and introduce the housing microfinance product.

The Project has helped two financial institutions in the Kyrgyz Republic launch the house microfinance product. As part of the product delivery, a number of video and calculation tools for the most demanded types of home improvements have been developed and introduced to final borrowers. To date, about 200 loans have already been disbursed.

Source of Funding
  • International Finance Corporation
  • Government of Switzerland
Amount of Funding N/A
Project Outcome

Open access to finance for home improvements and home extensions to low-income Kyrgyz households.

Business Opportunities
Consulting Services

N/A
For possible business opportunities visit eConsultant2

Procurement

N/A
For possible business opportunities visit eConsultant2

Contact Information of International Financial Institution
Organization/Department International Finance Corporation
Name Victor Mints
Address Business Center Orion, 4th floor, 21 Erkindik Boulevard
Province/State Bishkek
Postal Code 720040
Country Kyrgyz Republic
Phone +996 (312) 626 162
E-mail

VMints@ifc.org

Website

www.ifc.org