Microfinance Company “Salym Finance”(further Company) is the specialized credit organization where the microfinance is the main activity. The Company is the one of active and dynamic developing microfinance organization (further MFO) of Kyrgyzstan, showing annual stable growth of financial results.

Creation of a company and founders

Microcredit Company«Credit Systems» was founded in September 2007 and has started operate as credit organization from 8th November 2007. Initial capital was 120 thousand US Dollars (5 million som), first loans were aimed at business development of traders from Dordoi and Ortosai markets and household development in Asyl Bash and Jany-Jer villages.

Participation in other organizations

Since the first year of the Company’sactivity became a member of the Association of the Microfinance Organizations of Kyrgyzstan and CreditInformation Bureau «Ishenim».

The Board of Directors

The Chairman of the Board of Directors — Kydyrmaev Bakytbek, businessman, representative of major wholesalers Dordoi market complex, a member of the Trade Union Committee of merchants from the complex.

Member of the Board of Directors — Sydykov Aijigit Kamchybekovich, independent expert.

Member of the Board of Directors — Konokbaev Samat Surabaldievich, independent expert.

Member of the Board of Directors — Konushbaeva Aruuke Tynchtykbekovna, private entrepreneur.

Management board of the company

The Chairman of the board — Mirlan Kulov, 21 years experience in a banking sector.

Board member — operational manager – Ibraev Isabek, 7 years of experience in microcredit sector.

Board member — HR Manager — Ismailova Gulzat, 18 years experience in a microfinance sector.

Rebranding

From the beginning Company had name “Credit Systems”, since March 2011 the company has changed its name by new “Salym Finance”. The «salym» means to make the contribution to the good business. The given national symbol means Company’s desire for investment resources into the society’s prosperity.