In Kyrgyzstan, the procedure for signing an agreement with banks under the project "Financing export-oriented and import-substituting enterprises-1" will start from September 18, 2017 the State Agency for Investments and Export Promotion under the Ministry of Economy of the Kyrgyz Republic reports.
The sources of financing are the republican budget of the Kyrgyz Republic for the amount of 350 million soms, the funds of commercial banks and specialized financial and credit institutions. The total amount of crediting is 3.5 billion soms.
This Project provides for the issuance by commercial banks of credit funds to processing, food and light industries and the production of high-tech products on the following preferential terms:
interest rate - 10% per annum;
the repayment term up to 3 years for working capital and up to 5 years for fixed assets;
grace period - up to 6 months on the principal amount;
7 participation in the implementation of the project "Financing of Agriculture - 5" was confirmed by 7 commercial banks with a total loan volume of up to 7 billion soms:
Banks participating in the project provide loans for the production of goods, goods and services of export-oriented nature in the manufacturing industry and export-oriented and import-substituting nature - in the light industry and the agricultural processing sector, including the agricultural services sector, as well as the production of finished products that have no analogues in the republic.
On all issues of interest, you can contact directly to banks, as well as to the State Agency for Investments and Export Promotion under the Ministry of Economy of the Kyrgyz Republic by phone 623853.