Basic Loan product

AMOUNT

Up to 5 million US dollars.

TARGET BORROWERS

Commercial companies of various organizational and legal forms (residents of the Kyrgyz Republic) with a stable financial position that carry out cost-effective activities in the territory of the Kyrgyz Republic in the following areas:

• Improving tourism infrastructure in Bishkek.

Other sectors provided for by the RKDF Credit Policy and not indicated in other loan products.

PURPOSE OF LOAN

Creation, acquisition, renewal and modernization of fixed-capital assets and other long-term investments, as well as the acquisition of intangible assets directly involved in the production process.

The RKDF loan proceeds are not available for operating assets funding.

TERMS

Up to 5 years.

It is possible to have a deferral for a loan principal repayment up to 12 months.

BORROWER OWN CONTRIBUTION

Minimum 20% of project cost.

INTEREST RATE

Purchase of equipment and technologies, consultancy services - 6% per annum;

Construction and installation work, loan refinancing, other types of work and services - 7% per annum.

COLLATERAL SECURITY

• Highly liquid assets (deposits, cash, government securities of the Russian Federation and the Kyrgyz Republic, corporate securities with a rating that meets the RKDF requirements);
• Estate property;
• Equipment, vehicles;
• Bank guarantees or corporate guarantees with a rating that meets the RKDF requirements;
• Inventory.

Collateral calculation does not include the cost of inventory.

Some types of collateral are subject to insurance in accordance with the RKDF requirements. The RKDF must be listed as the Beneficiary in insurance policies to receive insurance compensation.

REPAYMENT

• Monthly annuity payments.
• Monthly payments, including repayment of the loan principal in equal installments.

For tourism infrastructure improvement projects – the seasonality of the business is considered for the repayment of the loan principal. Interest repayment monthly or quarterly.