In the framework of the "Microfinance through microfinance organizations of the Kyrgyz Republic” Program
Purpose: | Growth in horticulture production and increase of the export potential of the Kyrgyz Republic in this area |
Target borrowers: | Small businesses of various organizational and legal forms, residents of the Kyrgyz Republic with an experience in any of the following areas: - processing of land used for horticulture production and perennial plantations of crop production (including machine-tractor stations); - seed growing and cultivation of fruit nurseries; - growing fruit and vegetable products; - production of organic and mineral fertilizers; - transportation, storage, distribution or sale of horticulture; - horticulture processing; - production of succulent feed. |
Target-oriented loan disbursement: | Investment objectives:
Funding of expenses for the acquisition of real estate objects (land plots, buildings and structures for industrial and/or agricultural purposes). Current assets funding:
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Borrower own contribution: | For investment loans - at least 15% of the project cost. |
Funding currency: | Kyrgyz som |
Funding amount: | up to 1 million Kyrgyz soms |
Loan term | · Investment purpose – up to 5 years; · Current assets funding - up to 2 years. |
Exemption period: | · Investment loan - up to 12 months; · Current assets funding - up to 3 months. |
Interest rate for the end borrower: | Kyrgyz som - 14% per annum |
Collateral security requirements for the end borrower: | Requirements in accordance with the regulations of MFO |
Collateral security requirements for MFO: | In accordance with the RKDF Regulation “On targeted funding of microfinance organizations by the Russian-Kyrgyz Development Fund”. |
Application of the norms of "Microfinance through microfinance organizations of the Kyrgyz Republic" Program: | In all aspects not directly regulated by this Product, the norms of the RKDF Program "Microfinance through microfinance organizations of the Kyrgyz Republic" are subject to application. |