Loan purpose
| Funding of social housing construction projects. |
Target borrowers | Construction companies-residents of the Kyrgyz Republic with a stable financial position, sufficient collateral security, operating in the territory of the Kyrgyz Republic with an experience in the construction of multi-apartment residential buildings. Economy-class housing must meet the criteria for housing affordability approved in the Program of the Government of the Kyrgyz Republic "Affordable Housing 2015-2020" (approved by the Decree No. 560 of the Government of the Kyrgyz Republic dated August 5, 2015). The product does not apply to the construction of individual private houses. |
Purpose of a loan |
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Currency | US dollars |
Loan amount | up to 5 million US dollars |
Loan terms | Up to 5 years old, including: а) purchase of equipment - up to 5 years. It is possible to have a deferral for a loan principal repayment up to 12 months б) funding of current assets - up to 2 years. It is possible to have an exemption period for a loan principal repayment up to 9 months |
Interest rate* |
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Borrower own contribution | The borrower must provide own contribution in the amount of at least 20% of the total project cost. Own contribution can be expressed in monetary resources or assets involved in the project implementation.
The borrower own contribution and requirements for collateral security are considered in accordance with the internal regulations of the RKDF and the RKDF Partner Banks. |
Collateral security | According to the RKDF requirements, the collateral security must cover the loan amount in accordance with the internal regulations of the RKDF and the RKDF Partner Banks. The following can be provided as collateral security:
Some types of collateral are subject to insurance in accordance with the RKDF/Partner Banks requirements. The RKDF must be listed as the Beneficiary in insurance policies to receive insurance compensation. |
Loan and interest repayment by Borrower |
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Early loan repayment | Borrowers are entitled to a full or partial loan early repayment without any penalties |
Sanctions and other requirements | If the Borrower violates the target purpose, conditions and criteria of target-oriented funding purpose, the interest rate of RKDF increases up to 20% per annum The RKDF has the right to cancel the loan and demand its early repayment. |
Loan monitoring | The RKDF has the right to monitor the fulfillment of obligations by the Borrower. A Borrower is responsible for the preliminary estimate examination and monitoring of the construction progress. |
* Interest rate - if the requested loan amount is less than 1,000,000 US dollars, the Borrowers can apply to the RKDF Partner Bank for funding under the Housing Construction Funding Loan product through the RKDF with the following interest rates: