Youth in Business Loan – A special program designed to support young entrepreneurs in turning their business ideas into reality. Its main goal is to develop entrepreneurship and agriculture while creating new jobs across Kyrgyzstan.
What you can finance
- Trade and procurement activities
- Production and service delivery
- Any income-generating activities
- Livestock, crop production, gardening, poultry, beekeeping, fish farming
- Procurement and processing of agricultural products
- Other agricultural initiatives
The requirements for the borrower are simple:
- A borrower must have citizenship of the Kyrgyz Republic;
- A borrower must be at the age of 18 – 35 including.
The list of documents is minimal:
- Copy of client’s passports, his spouse/her husband, and guarantors (if nessesary);
- Copy of the passport of the pledger and his spouse/her husband (in case of the secured loan);
- Documents concerning the borrower’s marital status;
- Other necessary documents on the customer’s business
Financing conditions:
- Currency: KGS
- Repayment schedule: annuity
- When obtaining a loan with insurance, interest rates are reduced according to the table.
The client has the right to make early full early repayment:
– without paying fines;
— at any time during the term of the Loan Agreement;
— without prior notice to the Company;
– at any office of the Company and / or using any available payment instruments.
The client has the right to make partial early repayment of the loan ahead of schedule:
– without paying fines;
— at any time during the term of the Loan Agreement after written notice of partial early repayment;
– at any office of the Company and / or using any available payment instruments.
| Amount | Term | Interest rate | Security |
|---|---|---|---|
| from 10,000 to 500,000 (inclusive) | from 1 to 18 months (up to 150,000 soms)
from 1 to 24 months (from 150,001 to 300,000 soms) from 1 to 36 months (from 300,001 to 500,000 soms) |
10,000 – 500,000 som – 33,04% | Up to 300,000 soms (incl.) – without a guarantor
Over 300,000 soms -1 guarantor
|
You can calculate the total cost of the loan with our credit specialists at the nearest office.
*Effective interest rate starting from 34,48 – 38,52 %.
Consultation service fee: 0.5%
Loan features:
- Educational videos and materials on entrepreneurship
- Simple process: minimal document package and quick start
- Option to obtain voluntary insurance against accidents and illness.
Credit Calculator
Any questions left?
You can leave a request for advice from the sales manager using this form
