KICB and the EBRD will finance the development of "Goodwill Company" LLC, a leading fashion retailer in Kyrgyzstan
KICB, in partnership with the European Bank for Reconstruction and Development (EBRD), has entered into a co-financing loan agreement with Goodwill Company LLC. The allocated financial resources will be used to bolster the company’s working capital, which will help strengthen its position in the country’s retail market.
The signing ceremony was attended by Azamat Kirgizbaev, Head of Lending Operations at KICB; Elena Bubnova, Member of the Management Board of KICB; Nodira Mansurova, EBRD Regional Director for the Kyrgyz Republic, Tajikistan, and Turkmenistan; Batyr Khudaynazarov, Senior Banker in the EBRD’s Manufacturing and Services Department for Central Asia; Alexander Koptev, Director of Goodwill Company LLC; as well as Vira Khavrashchuk, the EBRD project manager, and other EBRD officials.
Goodwill Company has been operating in the Kyrgyzstani market since 2004 and is currently the country’s leading retailer of fashion apparel, footwear, and sportswear. The company serves as an official distributor and representative for a range of globally recognized brands—such as Boss, Karl Lagerfeld, Marc O’Polo, Mango, Mexx, Mustang, Tom Tailor, Jack & Jones, and others—covering a broad spectrum of consumer segments, from casual wear to the premium tier.
A new co-financing agreement between KICB and the EBRD will provide the trading enterprise with additional financial flexibility, help optimize supply chains, and expand the range of products available to Kyrgyzstani consumers across its chain of branded retail stores.
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