About company

History of the foundation of the Society

  • 1991 - Decree of the President of the Kyrgyz Republic "On the National Enterprise Fund" No. UP-223 dated August 23, 1991 established the "National Enterprise Fund";
  • 1994 - By the Decree of the President of the Kyrgyz Republic “On the Establishment of the Entrepreneurship Development Fund of the Kyrgyz Republic” No. UP-257 dated October 12, 1994, the “Entrepreneurship Development Fund” was established on the basis of the National Enterprise Fund;
  • 1996 - By the Decree of the President of the Kyrgyz Republic "On the structure and composition of the Government of the Kyrgyz Republic" No. UP-45 dated March 4, 1996, the "State Fund for Support of Small and Medium Business" was established under the Government;
  • 2000 - By Decree of the President "On the reorganization of central government bodies" No. UP-363 dated December 28, 2000, the "State Commission under the Government of the Kyrgyz Republic for the Development of Entrepreneurship" was established;
  • 2004 - By the Decree of the Government of the Kyrgyz Republic “On the formation of the joint-stock company “Entrepreneurship Development Fund” No. 250 dated April 13, 2004, the microcredit company Entrepreneurship Development Fund Joint-Stock Company was established;
  • 2005 - Decree of the Government of the Kyrgyz Republic No. 108 dated February 25, 2005, the Entrepreneurship Development Fund joint-stock company was transformed into a closed joint-stock company microcredit company Entrepreneurship Development Fund;
  • 2005 - By the Decree of the Government of the Kyrgyz Republic No. 182 dated May 11, 2005, the closed joint stock company microcredit company "Entrepreneurship Development Fund" was transformed into an open joint stock company microcredit company "Entrepreneurship Development Fund".

The Company is a financial and credit institution, the main purpose of which is to support and develop the sphere of small and medium-sized businesses in the Kyrgyz Republic, by providing loans to business entities.

Today, the Company is the only microcredit company 100% owned by the state represented by the Ministry of Finance of the Kyrgyz Republic.