Purpose: | Create a funding mechanism for enterprises in the Kyrgyz Republic for: - manufacture of personal protective equipment (masks, respirators, protective overalls, gloves, shoe covers, etc.); - production of medicines; - manufacture or repair medical equipment that contribute to the prevention and elimination of the coronavirus infection(COVID-19) |
Maximum limit of the loan facility for direct financing projects and Partner Banks | Equivalent of up to 3,000,000 US dollars |
Loan availability period: | The period during which the Borrowers are entitled to apply for financing - until 01.10.2020 |
Target borrowers: | Commercial companies of various organizational and legal forms that are residents of the Kyrgyz Republic and have experience in any of the following areas: · garment-making; · supply and marketing of materials for light industry; · consolidation of orders and arrangement at the facilities of the garment enterprises of the Kyrgyz Republic; · production of hygiene articles; · production of medicine; · manufacture or repair of medical equipment. |
Targeted loan utilization: | Funds can be allocated exclusively to: · purchase of raw materials for the personal protective equipment production; · purchase of raw materials for the medicines production; · purchase of spare parts and components for the manufacture or repair of medical equipment; · payment of logistics costs. |
Refinancing component: | N/A |
Currency: | Kyrgyz som/US dollars |
Funding amount: | up to 1 million US dollars (equivalent in Kyrgyz soms) |
Funding terms: | up to 24 months |
Exemption period for the loan principal repayment | up to 6 months |
Interest rate for the final beneficiary in Kyrgyz soms: | no more than 9% per annum |
Interest rate for the final beneficiary in US dollars: | no more than 5% per annum |
Collateral security: | In accordance with the requirements of Commercial Banks-Partners of the RKDF |
The terms of SMEs target-oriented funding through Commercial Banks (not directly regulated by this Product) are governed by the RKDF Regulations "On targeted funding of Commercial Banks by the Russian-Kyrgyz Development Fund" and the RKDF "Lending to small and medium-sized businesses through commercial banks" Program.