IFC — a member of the World Bank Group — on July 8 signed a loan agreement to provide up to $10 million equivalent in Kyrgyz soms to Adal Azyk LLC and its subsidiaries (trademark “Toyboss”), the largest producer of sausages and poultry meat in Kyrgyzstan. The financing will help boost local food production, create jobs, and strengthen the country’s agricultural sector.
The funding will support the expansion of Adal Azyk’s poultry operations, including the construction of new broiler sheds and a feed mill, reducing reliance on imported poultry meat. By increasing local poultry production, the project is expected to create both direct and indirect jobs, add value to the economy, and support micro and smaller businesses in the poultry value chain, including suppliers, distributors, and retailers.
Additionally, the project will enhance food security by increasing consumer access to affordable, safe, and higher-quality poultry products, promoting a reliable supply of affordable protein for the population. Adal Azyk is committed to adopt environmental and social practices aligned with IFC Performance Standards and international best practices, including Global Sustainable Livestock Practices.
“This partnership with IFC is a significant milestone for our company and the agricultural sector in the Kyrgyz Republic,” said Myrzabek Orumbaev, CEO of Adal Azyk. “With IFC’s support, we will be able to expand our operations, improve efficiency, and adopt industry best practices. That will not only help us meet the growing demand for poultry products but also support the development of the local economy and create more jobs in rural areas.”
Between 2015-2017, IFC supported the company in implementing a food safety management system in line with international standards. As part of this new engagement, IFC will also provide advisory support to help the company improve its corporate governance and family governance practices.
