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🇰🇬 Kyrgyzstan /Economy & Trade

Women lead one in three businesses in Kyrgyzstan

From 24.kg · () Russian

Translated from Russian, summarized and contextualized by DistantNews.

At a glance

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  • Women lead over 246,000 businesses in Kyrgyzstan, representing one-third of all entities.
  • The Kyrgyz government prioritizes women's entrepreneurship through legal definitions, support programs, and improved access to financing.
  • Women entrepreneurs receive over 50% of individual business loans and more than 80% of guarantees from the Guarantee Fund OJSC.

Women are at the helm of over one-third of Kyrgyzstan's businesses, a significant reflection of their growing economic influence. The nation's Ministry of Economy and Commerce highlighted this trend at the Women's Forum of the Shanghai Cooperation Organization in Bishkek.

Support for women’s entrepreneurship is one of the key priorities of state economic policy in Kyrgyzstan.

— Benazir NurlanovaDeputy Minister of Economy and Commerce speaking at the Women's Forum of the Shanghai Cooperation Organization in Bishkek.

According to ministry data, out of more than 823,000 business entities in Kyrgyzstan, over 246,000 are led by women. This statistic underscores the government's commitment to women's entrepreneurship as a key pillar of its economic policy.

To foster this growth, Kyrgyzstan has legally defined "women's entrepreneurship" and implemented various support programs. These include expanding access to financing, with women currently receiving more than 50 percent of entrepreneurial loans for individuals. Additionally, the Guarantee Fund OJSC directs over 80 percent of its guarantees to women entrepreneurs, particularly those in regional projects.

expanding women’s economic opportunities is essential for sustainable economic growth, improving competitiveness, and strengthening human capital.

— Benazir NurlanovaDeputy Minister of Economy and Commerce emphasizing the importance of women's economic empowerment.

Deputy Minister of Economy and Commerce Benazir Nurlanova emphasized that empowering women economically is crucial for sustainable growth, enhanced competitiveness, and strengthening human capital. She also pointed to potential new avenues for women entrepreneurs through increased cooperation among SCO member states.

further cooperation among SCO member states could create new opportunities for women entrepreneurs and implementation of joint initiatives.

— Benazir NurlanovaDeputy Minister of Economy and Commerce speaking about potential SCO collaboration.
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.

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