Application for funding

Supporting small and medium-sized enterprises through microfinance

This product is for financial and credit organizations

Target group

Financial and credit institutions that meet the following requirements:
• break-even financial statements for the last three years;
• authorized capital – in accordance with NBKR requirements;
• compliance with NBKR prudential standards (if the institution is licensed by the NBKR);
• compliance with standards established by the legislation of the Kyrgyz Republic;
• absence of any significant sanctions by the NBKR (if the institution is licensed by the NBKR), including:
- restrictions or prohibitions on lending;
- restrictions or prohibitions on opening and maintaining customer accounts;
- restrictions or prohibitions on deposit taking (if licensed for this type of activity);
- introduction of direct banking supervision;
- introduction of a temporary administration;
- license revocation.

Financing sectors

• production and processing,
• projects that bring environmental benefits and promote sustainable development (including renewable energy sources),
• transport and logistics,
• information and communications,
• medicine,
• education,
• tourism,
• trade,
• agriculture,
• services.

Intended purpose

• Equipment acquisition, including delivery, customs duties, installation, and technical support costs;
•Acquisition/upgrade/reconstruction/modernization/increase in capacity of fixed assets;
• Acquisition of commercial real estate, including land for construction;
• Construction and renovation of buildings and structures;
• Acquisition of intangible assets;
• Working capital replenishment.

Financing currency

- national/foreign currency

Financing period

- up to 7 years (the financing period is determined individually for each partner)

Financing amounts

Maximum amount: 1 billion soms (or the equivalent in foreign currency at the NBKR exchange rate on the date of the decision)
Minimum amount: 100 million soms (or the equivalent in foreign currency at the NBKR exchange rate on the date of the decision)

Parameters

Provision of financing for FCO
• State guarantees, guarantees from international financial institutions, banks, and the Guarantee Fund OJSC;
• Government securities of the Kyrgyz Republic;
• Real estate, including land;
• Equipment, vehicles;
• Partner loan portfolio;
• Partner leasing portfolio.
Repayment schedule for FCO
Principal payment - quarterly;
Interest payment - monthly.
Interest rate for misuse of credit funds
In the event of misuse of loan funds, the interest rate increases to 20% per annum for the partner. The interest rate increase must be implemented from the moment the loan tranche is issued.
Restrictions
1) Issuing loans to affiliated and related persons of the Partner (except for affiliation through government agencies) is prohibited;
2) Issuing loans to refinance the current debt of the Partner's borrowers in any financial institution is prohibited;
3) The Partner Bank must also not finance:
• gambling;
• the military industry;
• activities that use forced child labor;
• activities related to money laundering/legalization of illegally obtained income and terrorist financing;
• trade, production, and other activities related to the use of weapons;
• activities prohibited by the legislation of the Kyrgyz Republic.

*Банк оставляет за собой право на изменение условий настоящей Программы

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