Preferential loan for small business development

Loan amount

Up to 100,000,000.0 soums (for one borrower or a group of related borrowers)

Source of funding

At the expense of the joint stock company "Entrepreneurship Development Company"

Loan currency

In national currency

Borrowers

Legal entities and individual entrepreneurs

Loan type

Microcredit

Loan submission form

Non-cash (by transferring funds on the basis of a target agreement)

Purpose of the loan

For the development of entrepreneurial activity (within 3 months after the loan is allocated in the field of production and services)

 with the condition of creating at least 3 jobs

Loan term

Investment projects (purchase of fixed assets)

for a period of no more than 84 months (depending on the duration of the project, but not more than September 20, 2031)

To replenish working capital

for a period of no more than 18 months (depending on the duration of the project)

Grace period

for a period of no more than 6 months (depending on the duration of the project)

Interest rate on loans allocated from the company's funds

Project security

Portfolio guarantee or collateral deposit of "Entrepreneurship Development Company" JSC

In this:

By the Company's security deposit:

 2. Under the Company's portfolio guarantee:

Requirements for a business entity

Main account requirement

At the time of loan issuance, the main deposit account must be available in the bank services office of the lending bank (it must be registered and operational for at least one year)

Requirements for the main account status

Absence of card file №2

Balance sheet and financial results

Based on the results of financial and economic activities, it should operate without losses and avoid the formation of an illiquid balance. (The balance sheet for the last financial year and the last quarter is taken into account)

Requirements for business entities

Individual entrepreneurs, farms, and legal entities operating for at least one year and having a positive credit history.

Credit history requirement

The borrower must not have outstanding overdue debts and must not have had overdue debts for more than 90 days in the last 12 months.

Basic requirement for the project

1. In regions of the 1st, 2nd, and 3rd categories, working capital is not allocated for projects related to trade and public catering activities.

2. Casinos and billiard rooms are not intended for the production and (or) organization of sales of alcoholic and tobacco products;

3. Not allocated for repayment of previously received loans (leases) or other debts;

4. Assistance is not provided for the purchase of passenger cars that are not involved in project production;

5. Guarantee and compensation contracts for a project subject to refinancing or granting a portfolio guarantee shall not be allocated if these funds are available or were previously misused.

Loan amount

Up to 200,000,000.0 soums (for one borrower or a group of related borrowers)

Source of funding

At the expense of the Company's resources

Up to 100,000,000.0 soums

At the expense of the bank’s own funds

Up to 100,000,000.0 soums

Loan currency

In national currency

Borrowers

Legal entities and individual entrepreneurs

Loan type

Microcredit

Loan submission form

Non-cash (by transferring funds on the basis of a target agreement)

Purpose of the loan

For the development of entrepreneurial activity (within 3 months after the loan is allocated in the field of production and services)

with the condition of creating at least 5 jobs

Loan term

Investment projects (purchase of fixed assets)

for a period of no more than 60 months (depending on the duration of the project, but not more than September 20, 2031)

To replenish working capital

for a period of no more than 18 months (depending on the duration of the project)

Grace period

for a period of no more than 6 months (depending on the duration of the project)

Interest rate on loans allocated from company funds

Interest rate on loans allocated from the bank’s own funds

At a rate of at least 24 percent

Project security

- For loans up to 100,000,000.0 soum, a portfolio guarantee or collateral deposit of "Entrepreneurship Development Company" JSC

In this:

1. By the Company's security deposit:

2. Under the Company's portfolio guarantee:

- 125% of the loan agreement amount over 100,000,000.0 soums must be covered by collateral (cash collateral and property collateral)

Collateral requirement

- The collateral must be a non-residential property and/or place of residence (if no one is registered at the place of residence);

- the age of the vehicle accepted as collateral should not exceed 2 years (special vehicles registered with the State Technical Control cannot be accepted as collateral);

- the property offered as collateral must be free from other encumbrances.

Requirements for a business entity

Main account requirement

At the time of loan issuance, the main deposit account must be available in the bank services office of the lending bank (it must be registered and operational for at least one year)

Requirements for the main account status

Absence of card file №2

Balance sheet and financial results

Based on the results of financial and economic activities, it should operate without losses and avoid the formation of an illiquid balance. (The balance sheet for the last financial year and the last quarter is taken into account)

Requirements for business entities

Individual entrepreneurs, farms, and legal entities operating for at least one year and having a positive credit history.

Credit history requirement

The borrower must not have outstanding overdue debts and must not have had overdue debts for more than 90 days in the last 12 months.

Basic requirement for the project

1. In regions of the 1st, 2nd, and 3rd categories, working capital is not allocated for projects related to trade and public catering activities.

2. Casinos and billiard rooms are not intended for the production and (or) organization of sales of alcoholic and tobacco products;

3. Not allocated for repayment of previously received loans (leases) or other debts;

4. Assistance is not provided for the purchase of passenger cars that are not involved in project production;

5. Guarantee and compensation contracts for a project subject to refinancing or granting a portfolio guarantee shall not be allocated if these funds are available or were previously misused.

Loan amount

Up to 200,000,000.0 soums (for one borrower or a group of related borrowers)

Source of funding

At the expense of the Company's resources

Up to 100,000,000.0 soums

At the expense of the bank’s own funds

Up to 200,000,000.0 soums

Loan currency

In national currency

Borrowers

Legal entities and individual entrepreneurs

Loan type

Microcredit

Loan submission form

Non-cash (by transferring funds on the basis of a target agreement)

Purpose of the loan

For the development of entrepreneurial activity (within 5 months after the loan is allocated in the field of production and services)

 with the condition of creating at least 8 jobs

Loan term

Investment projects (purchase of fixed assets)

for a period of no more than 60 months (depending on the duration of the project, but not more than September 20, 2031)

To replenish working capital

for a period of no more than 18 months (depending on the duration of the project)

Grace period

for a period of no more than 6 months (depending on the duration of the project)

Interest rate on loans allocated from company funds

Interest rate on loans allocated from the bank’s own funds

At a rate of at least 26 percent (if the number of jobs created is more than 10, the interest rate is reduced by 1 percent)

Project security

- For loans up to 100,000,000.0 soum, a portfolio guarantee or collateral deposit of "Entrepreneurship Development Company" JSC

In this:

1. By the Company's security deposit:

2. Under the Company's portfolio guarantee:

- 125% of the loan agreement amount over 100,000,000.0 soums must be covered by collateral (cash collateral and property collateral)

Collateral requirement

- The collateral must be a non-residential property and/or place of residence (if no one is registered at the place of residence);

- the age of the vehicle accepted as collateral should not exceed 2 years (special vehicles registered with the State Technical Control cannot be accepted as collateral);

- the property offered as collateral must be free from other encumbrances.

.

Requirements for a business entity

Main account requirement

At the time of loan issuance, the main deposit account must be available in the bank services office of the lending bank (it must be registered and operational for at least one year)

Requirements for the main account status

Absence of card file №2

Balance sheet and financial results

Based on the results of financial and economic activities, it should operate without losses and avoid the formation of an illiquid balance. (The balance sheet for the last financial year and the last quarter is taken into account)

Requirements for business entities

Individual entrepreneurs, farms, and legal entities operating for at least one year and having a positive credit history.

Credit history requirement

The borrower must not have outstanding overdue debts and must not have had overdue debts for more than 90 days in the last 12 months.

Basic requirement for the project

1. In regions of the 1st, 2nd, and 3rd categories, working capital is not allocated for projects related to trade and public catering activities.

2. Casinos and billiard rooms are not intended for the production and (or) organization of sales of alcoholic and tobacco products;

3. Not allocated for repayment of previously received loans (leases) or other debts;

4. Assistance is not provided for the purchase of passenger cars that are not involved in project production;

5. Guarantee and compensation contracts for a project subject to refinancing or granting a portfolio guarantee shall not be allocated if these funds are available or were previously misused.