Trust Union
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Trust Union (TU) is LMDF’s fourth investment in Kyrgyzstan. This MFI was established in 1999 as a cooperative. In 2012, the two founders decided to turn the institution into a microcredit company (MCC). Today, Trust Union is the only MFI in the World Bank Program on Increasing Agricultural Productivity.
Trust Union reaches only 530 clients, since they are targeting a very difficult access area and with a not very abundant population. Due to the difficult access, most services do not arrive to this zone and the population remains very poor. 58% of the clients are women and 66% of the total live in rural areas. The average loan disbursed is EUR 914.
Trust Union is a small MFI with good operational efficiency, good portfolio quality and an adequate financial self-sufficiency.
