IFC Supports Transformation of Kyrgyz Republic Bai-Tushum
OREANDA-NEWS. October 15, 2009. IFC, a member of the World Bank Group, has helped Bai-Tushum and Partners, an organization in the
IFC mentored senior Bai-Tushum managers in strategic and business planning before the company’s successful transition to a closed joint-stock microfinance institution, with foreign equity participation. Bai-Tushum now has applied for an official deposit-taking license from the National Bank of the
The IFC Azerbaijan and Central Asia Microfinance Transformation Support Project provides advisory services to businesses in the
Bai-Tushum, a long-term IFC investment client in the
“By being able to offer different deposit schemes to our clients, we will be able to mobilize savings from the population and increase our funding base,” said Gulnara Shamshieva, Bai-Tushum’s General Manager. “IFC’s expertise in the financial sector is helping us achieve this goal.”
Since 2008, IFC has supported microfinance companies in
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