BAI TUSHUM BANK CJSC
Status: Completed investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Bai Tushum Bank (BTB) was established as a non-profit microcredit agency with a social mission to finance and service vulnerable groups. The company received a full banking license in November 2012 and was the first microfinance institution to receive a banking license in Kyrgyzstan. BTB is women-led and the banks’ core business is to finance (M)SMEs, primarily involved in agricultural and trading activities. In addition to being women-led, 38% of the borrowers are women.
What is our funding objective?
The objective of this project is to support the design and customization of an online platform and mobile applications that give BTB’s (prospective) clients in the agricultural sector access to finance, knowledge and networks.
Why do we fund this investment?
This project will give BTB a unique opportunity to position itself as a bank that goes beyond regular banking services. This platform will improve BTB’s ability to reach out to new clients and to generate new business by offering its client and prospective clients valuable information and access to financial services. At the same time, the bank will contribute to the sustainable development of MSMEs.
More investments
| Date | Total FMO financing |
|---|---|
| 4/24/2023 | USD 2.00 MLN |
| 4/19/2022 | USD 5.00 MLN |
| 1/21/2020 | USD 10.00 MLN |
- Website customer/investment
- http://www.baitushum.kg/en/
- Region
- Europe & Central Asia
- Country
- Kyrgyzstan
- Sector
- Financial Institutions
- Effective date
- 4/12/2017
- End date
- 6/19/2019
- Total FMO financing
- EUR 0.03 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B