Women Empowerment - The Times Of Central Asia

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Kyrgyzstan Invests Over $356 Million in Women’s Entrepreneurship

The development of women’s entrepreneurship in Kyrgyzstan has received significant financial backing, with more than $356 million directed to supporting women-led businesses since the establishment of the OJSC (Guarantee Fund). According to the OJSC, in the first ten months of 2024 alone, 1,088 guarantees were issued to women, accounting for 40% of the total guarantees provided by the Fund during this period. To date, the Fund has issued 4,071 guarantees totaling 3.166 billion soms ($356 million), empowering women across all regions of Kyrgyzstan to launch and expand businesses in various sectors. Women’s entrepreneurship is becoming an increasingly vital component of Kyrgyzstan’s economy. According to the United Nations Development Programme (UNDP), women currently lead 29% of the country’s small and medium-sized enterprises. Bishkek recently hosted Expo 2024 “Women’s Entrepreneurship,” which showcased the accomplishments of women entrepreneurs while highlighting their growing role in driving innovation and economic growth. Furthermore, the Women’s Entrepreneurship 2024 program reported that 48% of all loans issued this year were granted to women, reflecting the expanding support for women-led businesses across the country. This upward trend highlights the growing recognition of women entrepreneurs as key players in Kyrgyzstan’s innovation ecosystem and economic development.

Legislation Women-owned Enterprises Women's rights small and medium businesses Women Empowerment

Kyrgyzstan to Enshrine Concept of “Women’s Entrepreneurship” in Law

Kyrgyzstan's Jogorku Kenesh (parliament) has approved, in its third reading, a bill to introduce the term “women’s entrepreneurship” into the country’s Law on the Protection of Entrepreneurs’ Rights. The amendments, proposed by deputies Kamila Talieva, Eldar Abakirov, Daniyar Tolonov, Taalaibek Masabirov, Elvira Surabaldieva, and Nilufar Alimzhanova, aim to recognize women entrepreneurs as a distinct category within small and medium-sized businesses (SMEs). The initiative is expected to drive the growth of small and microbusinesses in Kyrgyzstan, following the example of international practices. Employment Disparities According to the explanatory note accompanying the bill, the employment rate for working-aged women in 2020 was 43%, compared to 70.9% for men. In urban areas, women’s employment stood at 46.8%, while in rural areas, it dropped to 40.6%. Additionally, women comprise 69% of the economically inactive population, with 97% of them engaged in household work. A Path to Economic Empowerment The bill’s authors emphasize that legislative recognition of women’s entrepreneurship will expand access to state support for women-led businesses. This could enhance women’s participation in the business sector, improve their economic standing, and contribute to the overall wellbeing of families and society. The proposed measures aim to address gender barriers, encourage women’s economic activity, and create favorable conditions for their full participation in the development of SMEs. Lawmakers believe such changes will not only bolster economic stability but also strengthen social cohesion. A Rare Legislative Step Kyrgyzstan’s effort to enshrine women’s entrepreneurship in law is rather rare in the global context. While other countries have some framework to support entrepreneurship among women, provisions are often more vague. For example: – In Uzbekistan, the Law On Guarantees of Freedom of Entrepreneurial Activity provides broad protections but does not specifically address women’s entrepreneurship. – In Russia there is no legal definition of women’s entrepreneurship, though various programs support women in business. – In the United States the Women’s Business Ownership Act of 1988 offers significant support to women entrepreneurs but does not explicitly define the term. By taking this legislative step, Kyrgyzstan positions itself as a leader in fostering gender-inclusive economic policies, potentially serving as a model for other nations.

Women entrepreneurs Society Women-owned Enterprises Women Empowerment Social

BBC Women of the Year List Includes Two Nominees From Central Asia

The BBC has unveiled its annual list of the world’s most inspiring women. The introduction to the list says that the “BBC 100 Women Project highlights women who have shown remarkable determination to drive change in a year marked by global upheaval.” Alongside figures such as Nobel laureate Nadia Murad, actress Sharon Stone, Olympians Rebeca Andrade and Allyson Felix, singer Ray, artist Tracey Emin, climate activist Adenike Oladosu, and writer Cristina Rivera Garza, the list of nominees includes two women from Central Asia. They are: Dilorom Yuldasheva (Uzbekistan) [caption id="attachment_26251" align="aligncenter" width="300"] @BBC| Dilorom Yuldosheva, Uzbekistan[/caption] A seamstress and entrepreneur, two years ago Dilorom Yuldasheva lost both legs in an accident. Undeterred, she pursued her dream of empowering young women in Uzbekistan to earn livelihoods and develop new skills. Yuldasheva established a tailoring business after studying entrepreneurship and resource management. In a short time, she trained over 40 students, offering free classes as her business grew. She secured contracts to produce clothing for workers and schoolchildren, creating income opportunities for herself and dozens of other women. Zhanylsynzat Turganbayeva (Kyrgyzstan) [caption id="attachment_26252" align="aligncenter" width="300"] @BBC| Zhanylsynzat Turganbaeva, Kyrgyzstan[/caption] Zhanylsynzat Turganbayeva is devoted to preserving and restoring Kyrgyz cultural heritage. She runs an ethnology museum in Bishkek, showcasing unique national artifacts. Her charitable efforts focus on safeguarding Kyrgyz literature, including the epic Manas. This UNESCO-recognized work spans approximately 500,000 lines—20 times the length of Homer’s Odyssey—and recounts the story of a hero who unites 40 Kyrgyz tribes. Turganbayeva creates resources and opportunities for “manaschi,” the traditional performers of the epic. These women exemplify courage and perseverance, inspiring others to bring positive change to their communities.

International Relations Women Empowerment Economic Diversification British Embassy Sustainable Development UNDP

Project To Support Women and Youth Launched in Turkmenistan

A new project developed by the United Nations Development Program (UNDP) in cooperation with the British Embassy has been launched in Turkmenistan to support the country's economic diversification and empowerment of women and youth. The project aims to stimulate sustainable economic growth and increase Turkmenistan's global competitiveness by developing a creative and innovative economy. Narine Sahakyan, UNDP Resident Representative in Turkmenistan, emphasized the importance of unlocking the creative sector's potential to achieve economic prosperity. She said stimulating entrepreneurship and innovation will open new economic diversification and growth opportunities. British Ambassador to Turkmenistan, Stephen Conlon also spoke about the importance of the creative economy, noting the UK's experience in this area. Conlon stated that the creative sector contributes to economic growth, strengthens national identity, and supports local communities, especially in rural areas. Within the project framework, the UNDP plans to launch recommendations for the development of the creative economy and support for entrepreneurship and innovation. One of the key events will be a forum on the creative economy, which will bring together representatives of the government, international organizations, and businesses. The forum will be a platform within which to share experiences and discuss legislative measures to support the creative sector. The United Nations Development Program (UNDP) is actively cooperating with Turkmenistan on various projects aimed at sustainable development. One of the key projects deals with managing the consequences of the Aral Sea crisis. Together with the Government of Turkmenistan, the UNDP is implementing a project aimed at preserving ecosystems in the Aral Sea basin, improving the use of land and water resources, and increasing the sustainability of local communities. Another important project is Digital Transformation, which aims to help Turkmenistan implement advanced inter-agency data exchange systems to improve the efficiency of public services.