Bala Shaymasy and Buying an Apartment in Kyrgyzstan: Using the Maternity Benefit for Housing

"Bala Shaymasy" is a state one-time benefit paid at the birth of a child in Kyrgyzstan. Many families want to use this money to improve their housing situation, but do not always understand whether this is possible and how to do it correctly. Here is a breakdown.

What Is "Bala Shaymasy"

"Bala Shaymasy" (meaning "baby kit" in Kyrgyz) is a one-time state benefit paid to citizens of the Kyrgyz Republic upon the birth of a child. The amount depends on the birth order:

• 1st child: 5,000 som
• 2nd child: 7,000 som
• 3rd child: 10,000 som

This is not the equivalent of Russian maternity capital with its restrictions on designated use. "Bala Shaymasy" is a direct cash payment that the family receives and spends as they see fit.

Can You Use "Bala Shaymasy" to Buy an Apartment

Yes — without any restrictions. Since this is a cash payment with no designated purpose, a family may use it as part of a mortgage down payment, as a supplementary payment when buying an apartment, or in any other way.

State Housing Programs for Families with Children in the KR

If "Bala Shaymasy" is a one-time benefit, other instruments exist in Kyrgyzstan for addressing housing needs in a systematic way.

1. Mortgage Through the GFFR (State Development Finance Fund of the KR)

The GFFR provides concessional mortgages for certain categories of citizens — including young families and civil servants. Rates are below market. Information about programs can be found on the GFFR website or at authorized banks.

2. Mortgages Through State-Supported Banks

A number of Kyrgyzstan's banks offer state housing programs at subsidized rates. In 2026, participants include RSK Bank, Ayyl Bank, and Keremet Bank.

Typical conditions for young families:

• Borrowers' age — up to 35 years
• Having children — an advantage
• Down payment — from 15–20%
• Rate — from 8–12% per year (below market)

3. Savings Mortgage Through FORA

The Mortgage Development Fund (FORA) offers a savings model: you first accumulate funds in a dedicated account, then receive a mortgage on concessional terms.

How to Use All Available Instruments When Buying Housing

The optimal strategy for a family with children in Bishkek:

1. Open a savings account at a bank partnering with a mortgage program
2. Direct "Bala Shaymasy" to the savings account as a starting contribution
3. Apply for a concessional mortgage once you reach the required savings amount
4. Choose an apartment in a bank-accredited residential complex or on the secondary market

Documents for a Concessional Mortgage with Children

• Passports of both spouses
• Children's birth certificates
• Marriage certificate
• Income certificates
• Family composition certificate
• Documents on the property being purchased

What to Look for When Choosing an Apartment

Not every property will qualify for a state-supported mortgage. Banks typically accredit specific residential complexes or set requirements for secondary market properties:

• Year of construction (usually not older than a certain age)
• Technical condition
• Absence of encumbrances

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Housing programs, concessional mortgages, and combining state subsidies with market conditions can be confusing. Aziza Talantbekovna consults Bishkek families on choosing the optimal housing purchase scheme taking into account all available state programs.

Consultation with Aziza Talantbekovna – realtor with 30 years experience in Bishkek. From 2,000 som. Tel: +996 702 584 477

PAID consultation. Not a free hotline. Price: from 2,000 som. Even for a single question.

Tel: +996 702 584 477