The beginning of cooperation between the Russian-Kyrgyz Development Fund and «Commercial bank KYRGYZSTAN»

26 May 2016

May 25, 2016 was signed an agreement between «Commercial bank KYRGYZSTAN» and  the Russian-Kyrgyz Development Fund about extension of credit line for financing of small and medium businesses.

Surely, this project will give a strong incitement for realization projects in agriculture and processing, manufacturing, sewing and textile industry. Within business integration program to the conditions of Eurasian Economic Union, the member of which is Kyrgyzstan, we hope that this agreement will be an effective influence for business development in regions. Entrepreneurs will be able to receive preferential loans for the purchase, renewal, expansion and modernization of fixed assets, and other long-term investments.

Preferential loans will be issued in the narional currency at the rate of 12% annual and 5% annual in USD for a period of 3-60 months.

More information about this project you can find here

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