Accessing and Using Green Finance in the Kyrgyz Republic
Evidence from a Household Survey
This report presents findings from a survey on green finance conducted among 1 000 households in the Kyrgyz Republic (Kyrgyzstan) in 2019. Although green finance is an emerging trend, knowledge about the appetite for green financial products and services in Kyrgyzstan is almost inexistent. The OECD prepared the household survey to close this gap in evidence. The research identified needs and demand from existing and potential clients of Kyrgyz financial institutions for financial instruments, including those that promote sustainable development. This will help commercial banks, policy makers and central bankers design more targeted interventions to increase access to and use of financial products and services, including green finance, in Kyrgyzstan.
Key findings from the household survey
This chapter presents the results of the household survey. The survey covers experience with green financial instruments, access to and use of formal banking services, including credit and use of mobile banking. It also provides insights on differences in financial behaviour and experience by region, level of education and gender. The key findings shed light on the experience of households with formal financial instruments, including green instruments. It examines perceptions of respondents around barriers for taking out a green loan, including the role of high interest rates, short lending terms, insufficient collateral and inconvenient repayment schedules. It also explores other barriers such as awareness, knowledge and understanding of green investment.