Published
06/19/2025, 17:39Today, June 19, 5 million ordinary shares of Microcredit Company “Entrepreneurship Development Fund” were placed on the primary market of the Kyrgyz Stock Exchange. Each share was sold at a nominal price of 100 KGS.
As a result of the placement, 500 million KGS were raised.
The entire block of shares was purchased by the Ministry of Finance, which is the sole shareholder of the Fund. These funds were allocated in advance by the ministry as part of an increase in the microcredit company's authorized capital on the instructions of President Sadyr Zhaparov. The investment will be used to launch a program of preferential lending to small and medium-sized businesses at an annual interest rate of 8%.
The capital raised through the placement will become the financial basis for launching a new financing program aimed at supporting entrepreneurs, regional development, and job creation.
The start of accepting applications for preferential loans is scheduled for June 25—entrepreneurs will be able to apply both to the Fund's central office and to regional offices.
