Toyboss Group Signs Agreement with IFC for up to $10 Million in Local Currency Financing

The Toyboss Group of Companies has signed an agreement with the International Finance Corporation (IFC) — a member of the World Bank Group — to receive up to $10 million in financing in local currency.

The funds will be used to construct incubator facilities, launch a feed mill, and modernize the company’s production cluster. The project aims to significantly increase poultry meat production, reduce reliance on imports, and create new opportunities for farmers, processors, and local distributors.

Building the “Farm-to-Table” Supply Chain

The next phase of development includes:

• Construction of a feed mill with an annual capacity of 115,000 tons, part of which will be available to local livestock producers;

• Launching in-house incubator operations and expanding infrastructure;

• Expanding the supply network by engaging more than 3,500 local farmers;

• Procuring over 78,800 tons of raw materials annually, supporting stable demand in the agricultural sector.

Economic Impact and Job Creation

The project is expected to create at least 655 new jobs, primarily in the Kemin district of Chuy region. Additionally, the company plans to contribute over 100 million soms annually in taxes and social payments.

A Domestic Alternative to Imports

In 2024, Kyrgyzstan imported 67,000 tons of poultry meat, primarily from China and Russia. Upon project completion by 2027, the company aims to expand production from 12,000 to 15,500 tons, covering up to 25% of domestic demand.

Alignment with National Strategies and SDGs

The project supports the goals of the National Development Program to 2026 and the Sustainable Development Strategy to 2040, and contributes to the following Sustainable Development Goals (SDGs):

• Goal 1 — No poverty

• Goal 2 — Food security

• Goal 8 — Economic growth

• Goal 12 — Responsible consumption and production

IFC Support as a Sign of Trust

As part of the World Bank Group, IFC is the world’s largest development institution working with the private sector. Projects supported by IFC undergo rigorous evaluation, including multi-stage assessments of transparency, resilience, and governance.

“We consider the International Finance Corporation a reliable business partner. Our cooperation will become an even stronger driver of production growth,” said Myrzabek Orumbaev, CEO of the Toyboss Group.

The company has previously collaborated with IFC — the corporation supported the implementation of the food safety system.

This new agreement reaffirms that transparent and responsible businesses in Kyrgyzstan are capable of meeting international standards and attracting long-term investment.