Women-owned Enterprises - The Times Of Central Asia

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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 Empowerment Women entrepreneurs Social Society Women-owned Enterprises

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.

Infrastructure Development Women-owned Enterprises ADB Banking EBRD Finance

ADB Finances Road Reconstruction in Tajikistan

The Asian Development Bank (ADB) has approved a $86.67 million grant to help Tajikistan expand its degraded two-lane 49-km Dangara–Guliston highway to four lanes. Commenting on the move, ADB Director General for Central and West Asia Yevgeniy Zhukov said: “ADB, in partnership with other organizations, promotes safe, accessible, and green transport infrastructure and services in our developing member countries. The Dangara–Guliston road, constructed in the 1930s and reconstructed in the 1970s, will become the first road in Tajikistan to incorporate climate adaptation and elements specific to women's needs." The project will fund two pilot charging stations and develop investment frameworks to catalyze private sector investment in Tajikistan's national charging infrastructure rollout. Safety is a high priority and to this end, the newly reconstructed road will include dedicated cycleways, wide sidewalks for people with children and disabilities, improved lighting and well-marked pedestrian crossings. Special toilets and changing facilities will be provided for mothers and babies, while public transport facilities will include preferential seating for people with disabilities. In addition to the above, the fund will incorporate training programs for women living in and around the project area to open and run small businesses, and award entrepreneurship grants to selected participants. The Tajikistan government has pledged $23 million towards the realization of the project whilst subject to its Board’s approval in early 2025, the European Bank for Reconstruction and Development (EBRD, will provide a $40 million co-financing loan. Tajikistan’s Ministry of Transport plans to complete the project in 2030.

Women entrepreneurs Women-owned Enterprises Legislation Economy Culture

Kyrgyzstan to Support Female Entrepreneurship

A group of Kyrgyz parliamentary deputies have initiated amendments to the draft law "On the Protection of Entrepreneurs' Rights," which will bow be supplemented with the words "women's entrepreneurship." The amendment states that women make up half of Kyrgyzstan's population, but their contribution to the economy is far less significant. Citing IMF data, the authors of the amendment stated that female entrepreneurship can contribute up to 27% to the republic's GDP. "As experience shows, the level of income from small businesses does not exceed the officially established subsistence minimum, which, unfortunately, does not leave additional funds available for further business development. The data also shows that women entrepreneurs who have better access to assets and can make independent decisions can help reduce poverty," the bill states. Representatives of the women's forum "Kurak," who contributed to drafting the amendments, proposed introducing the term "woman entrepreneur" into the law and defining this as a legal entity wherein a woman owns at least 51% of the shares. They believe this will enable women to receive preferential financing and access state support. "Women entrepreneurs often need more time to run a business. After all, they often raise children and run a household in parallel. It is also tough for a woman to get a loan from a bank because the collateral property belongs to men. Moral support from our patriarchal society and the state is also lacking," human rights activist Ainura Sarynbayeva told The Times of Central Asia. The legislative introduction of the word "woman" and "women's entrepreneurship" will help further develop women's businesses, believes Sarynbayeva, adding that commercial banks and international development institutions are already prepared to provide preferential lending. "Today, there are no countries in Central Asia where the concept of "women's entrepreneurship" is enshrined in the law. The draft law being promoted in Kyrgyzstan is largely similar to the Azerbaijani law. The authorities there support women businessmen at the state level," said Sarynbayeva. According to the latest census, Kyrgyzstan is home to 3.3 million women - half of the country's population. However, despite various training sessions and courses, only a small percentage of Kyrgyz women participate in economic activities. Human rights activists attribute this state of affairs to the haphazard nature of government support. The average Kyrgyz businesswoman is 40-50 years old, has a secondary education, is an individual entrepreneur or manages a small or medium-sized business, and has a family and children.

Women-owned Enterprises Entrepreneurship US aid to education International Cooperation

U.S. Program Promotes Women Entrepreneurship in Turkmenistan

On June 8, participants in the first Academy for Women Entrepreneurs (AWE) program in Turkmenistan submitted their business proposals to a panel of experts in Ashgabat. The event marked the conclusion of the AWE program launched by the U.S. Embassy in Turkmenistan in partnership with the Union of Economists of Turkmenistan in March this year. As reported by the U.S. Embassy, the ‘graduation’ ceremony was the culmination of three months’ work, consisting of an online business course developed by Arizona State University’s Thunderbird School of Global Management, weekly face-to-face sessions, and the development of a business plan. AWE is a U.S. State Department program that provides women entrepreneurs with the knowledge, networks and access required to start and grow successful businesses. The first 50 Turkmen graduates of the program now join a global community of over 25,000 AWE alumnae. Opening the event, U.S. Chargé d’Affaires Vaida Vidugiris said: “We are so pleased that this year, Turkmenistan joined more than 100 participating countries of AWE. I am especially proud that this program took place not only in Ashgabat, but also in Dashoguz, Mary, and Turkmenabat where we have our American Corners. It underscores our belief in the untapped potential of women entrepreneurs who, with the right support and resources, can transform economies, uplift communities, and inspire future generations.”

Transport Women-owned Enterprises Environment EBRD Tajikistan

EBRD Helps Improve Dushanbe’s Environment and Support Tajikistan’s Banking Sector

During a visit by Odile Renaud-Basso, President of the European Bank for Reconstruction and Development to Tajikistan, on 29-30 April, the EBRD committed funds to upgrade Dushanbe's infrastructure, develop sustainable transportation solutions , and support for women’s entrepreneurship. The EBRD’s loan of up to €28.45 million will help improve transportation in the city’s riverside area through the reconstruction of roads and a bridge across the Varzob River, as well as the construction of dedicated bus and trolleybus lanes, and purpose-built routes for walking, cycling, electric wheelchairs etc. “We are very pleased to sign this project with the authorities of Dushanbe,” commented EBRD's president. “They have been committed to the green agenda ever since the city joined the EBRD Green Cities programme in 2019.” The Dushanbe Green City Action Plan was developed in collaboration with the EBRD to address environmental and development issues affecting the 800, 000 residents of Tajikistan’s largest municipality. Investment to promote a strategic shift from carbon-intensive, traditional transportation towards more eco-friendly, sustainable alternatives, aims to reduce annual carbon dioxide emissions by 37 percent. Joined by the Chairman of the National Bank of Tajikistan, Firdavs Nazrimad Tolibzoda, Renaud-Basso then signed a memorandum of understanding to support the country’s development of the Women Entrepreneurs Finance Code. Representing providers of financial services, regulators, development banks and other stakeholders, the WE Financial Code was formed to increase financial assistance to women-led micro, small and medium enterprises, and as a globally accepted multi-stakeholder approach, help eliminate constraints and gaps in financing women entrepreneurs in Tajikistan. The EBRD has now provided fresh funds and created new growth opportunities for women-owned and managed businesses in Tajikistan. Under the auspices of its Women in Business (WiB) programme for Central Asia, a loan of US$ 5 million (€4.6 million) has been granted to one of the country’s largest lenders, Bank Arvand, alongside technical assistance to help the bank promote women’s entrepreneurship and business activity. In addition, and under the EBRD’s Trade Facilitation Programme, a limited loan of US$ 1 million (€0.9 million) was offered to country’s leading microlenders, MDO HUMO, to help local clients both import goods, services, and equipment, and export their products.