The Foundation consolidates its presence in Kyrgyzstan
The Foundation has granted two new loans to its Kyrgyz partners, OXUS and FMCC. Indeed, it renewed its partnership with OXUS Kyrgyzstan with a second loan amounting to € 500,000 over a three-year period, bringing the total amount outstanding with this institution to € 1 million.
Similarly, the Foundation granted a new loan to FMCC for an amount equivalent to € 1 million over a three-year period. This loan is the third loan granted by the GCA Foundation to FMCC since the beginning of the partnership in 2016.
All loans granted by the Foundation in Kyrgyzstan are made in Kyrgyzstani som.