Features of lending to individuals in Kyrgyzstan

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Coalition for Democracy and Civil Society Public Association, within its activities, conducted an opinion survey of Kyrgyz citizens on the specifics of the lending process in the country. A nationwide telephone opinion survey was conducted from July 16 to July 25, 2019.

The lending market is actively developing around the world, including Kyrgyzstan. Today, banks provide loans not only for acquisition of expensive property, but also in ordinary everyday life: for the purchase of real estate, cars, education, consumer needs. Financial experts note a high level of debt overburden of the population.

The number of micro-loan companies is growing, whose main activity is aimed at issuing consumer loans. What is the reason for this, how do the citizens of Kyrgyzstan view it, and what impact does this have on them?

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