Symbiotics Investments provided CJSC Microfinance Company Elet-Capital with subordinated debt in the amount of USD 0.5 million

Symbiotics Investments has provided its first ever subordinated loan to a microfinance company in Kyrgyzstan to its partner CJSC Microfinance Company Elet-Capital (hereinafter – Elet-Capital).

The subordinated loan in Kyrgyz SOM equivalent to 0.5 million US dollars provided to Elet-Capital in the last days of November is part of the subordinated debt approved by the investor for a total amount of 1 million US dollars for strengthening the capitalization of Elet-Capital.

Through the deal, Symbiotics Investments aims to support Elet-Capital's sustainable growth plans to provide households, as well as small and medium-sized enterprises, especially in rural areas, with much-needed financing.


Elet-Capital has been cooperating with Symbiotics since 2020 and this cooperation contributed significantly in solving social problems of the population via expanding access to financing sources.

“We are proud of our strong partnership with Symbiotics Investments. The secured subordinated debt is a confirmation of the high level of trust from our partner Symbiotics Investments. The investment will help strengthen our capital base and will further strengthen Elet-Capital's position in the microfinance market,” said Usenakun uulu Nurzhigit, Chairman of the Board of Directors of Elet-Capital.

Ernest Kamchybekov, Chairman of the Management Board and Executive Director of Elet–Capital, noted: “We are pleased that Elet-Capital has reached this important milestone in partnership with Symbiotics Investments. This evidences the trust of international investors in Elet-Capital’s positive contribution to the development of affordable financing. Elet-Capital will continue to expand its services to the population, as well as small and medium-sized businesses through its 24 offices throughout Kyrgyzstan."

“This transaction was the first ever subordinated debt line provided by Symbiotics Investments to a non-bank financial institution in Kyrgyzstan. Signing a five years subloan in local currency opens a new page in our cooperation with Elet Capital,” commented Alexander Fando, Regional Manager for the Caucasus and Central Asia at Symbiotics Investments.

For more information, please contact the official representatives:

Ernest Kamchybekov
Chairman of the Management Board - Executive Director
Closed Joint Stock Company Microfinance Company Elet-Capital
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Official website:

Maurutto Roberta
Corporate Communications Specialist, Symbiotics Group S.A.
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Official website:

About Elet-Capital
Microfinance Company Elet-Capital started its journey on September 29, 2005, as a micro-credit company that supports micro and small businesses in Kyrgyzstan.
At the moment, the Company is a specialized microfinance institution established in the form of a Closed joint-stock Company and operating in accordance with the legislation of the Kyrgyz Republic, with a loan portfolio of KGS 3 billion and 25,000 active clients, 48% of whom are female borrowers. Elet-Capital is one of the four largest microfinance companies in Kyrgyzstan and has a wide regional network of 22 branches and 2 service offices, employing more than 280 employees. The accumulated successful financing experience, the introduction of international practices into its activities and the continuous improvement of business processes, responsible attitude to customers has enabled Elet-Capital to be among the microfinance leaders in Kygyz Republic.
On 14th February, 2023. Elet-Capital announced the first issue of its corporate bonds for total amount of 90 million som. By the decision of the Listing Committee of Kyrgyz Stock Exchange CJSC (KSE), the Company's bonds are included in the Official List of KSE (listing) in category “B" (next to the highest).

About Symbiotics Investments
Symbiotics is the leading market access platform for impact investing, dedicated to private markets in emerging and frontier economies. The group offers investment, asset management and capacity building services. Since 2005, Symbiotics Investments has originated over 7,700 investments representing more than USD 9.6 billion for 580 companies in 95 countries.