Kyrgyzstan was the first country in Central Asia to adopt the law “on microfinance organizations” under which MFIs can determine their own size of loans and interest rates as well as commission rates. As of September 2020, there were 130 microfinance institutions and 95 credit unions. However, the poverty rate at national poverty line was at 25.3%. In 2022 LOLC entered Kyrgyzstan to serve this cohort.