Kyrgyzstan: Could Microfinance Bubble Burst?

Kyrgyzstan's small business owners have been turning to microfinance loans - but at what cost? (Photo: Myles G. Smith)

Tatyana Baksheeva, a resident of Bishkek, Kyrgyzstan, is a young woman with a solid business idea and the drive to make it happen. To succeed, she first needed to shed some Communist-era baggage in order to let her sense of individual initiative flourish.

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Myles G. Smith is a freelance analyst based in Bishkek.

Kyrgyzstan: Could Microfinance Bubble Burst?

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