The microfinance institution Elet Capital Microcredit Company LLC (Elet Capital) primarily lends to individual borrowers in rural Kyrgyzstan. The company is headquartered in the capital Bishkek, with a total network of 18 branches.
The loan portfolio amounts to around EUR 15 million. The focus is on the self-employed in low-income agriculture, who in many cases do not have access to formal financial services. 82% of loans are granted to rural areas and, in June 2020, the GLS AI Microfinance Fund granted Elet a loan of USD 1 million and was able to win it as a new partner institution.
