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๐Ÿ‡ฐ๐Ÿ‡ฌ Kyrgyzstan /Economy & Trade

Every third business in Kyrgyzstan is headed by a woman

From 24.kg · () Russian

Translated from Russian, summarized and contextualized by DistantNews.

At a glance

News Official statement New plan
  • Women lead every third business entity in Kyrgyzstan, reflecting their growing economic role.
  • The government prioritizes support for female entrepreneurship through various programs and reforms.
  • Women receive over 50% of business loans and a significant portion of guarantees from the Guarantee Fund.

Women are increasingly taking the lead in Kyrgyzstan's business landscape, with every third enterprise headed by a woman. This trend underscores the growing significance of female entrepreneurship in the nation's economic development, according to the Ministry of Economy and Commerce.

Small and medium-sized businesses are a cornerstone of the Kyrgyz economy, contributing 51.7% to the country's gross domestic product. Out of more than 823,000 business entities, over 246,000 are managed by women. This statistic highlights the substantial and expanding role women play in driving the national economy forward.

female entrepreneurship is one of the priorities of the state economic policy.

โ€” Benazir NurlanovaDeputy Minister of Economy and Commerce of the Kyrgyz Republic, speaking at the SCO Women's Forum in Bishkek.

The government has actively fostered a more supportive environment for business, particularly for women. Key initiatives include legally defining "female entrepreneurship," implementing state support programs, and improving access to financing. A major reform, the "regulatory guillotine," aims to reduce administrative hurdles and create a more favorable business climate.

Financial access for women entrepreneurs has seen significant improvement. Women now secure over 50% of business loans granted to individuals. Furthermore, the "Guarantee Fund" reports that women entrepreneurs account for more than 80% of the guarantees issued for projects across the country. The ministry emphasizes that empowering women economically is vital for sustainable growth, enhanced competitiveness, and strengthening human capital.

The expansion of women's economic opportunities is an important condition for sustainable economic growth, increasing the competitiveness of the economy and strengthening human capital.

โ€” Benazir NurlanovaHighlighting the broader economic impact of supporting women in business.
DistantNews Editorial

Originally published by 24.kg in Russian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.