On 11.12.2024, a loan agreement was signed between the State Development Bank of the Kyrgyz Republic and the Entrepreneurship Development Fund, aimed at financing projects that promote regional development.

The State Development Bank of the Kyrgyz Republic allocates funds to the Entrepreneurship Development Fund in the amount of 150 million soms.

Thanks to the financing of the State Development Bank of the Kyrgyz Republic, a loan product is available in the Entrepreneurship Development Fund – the Program “Promotion of Regional Development”:
Up to 12 (twelve)% per annum
Term – up to 6 years (72 months)

Thanks to the above-mentioned program of the State Development Bank of the Kyrgyz Republic, commercial partner banks and other FCIs have the opportunity to access inexpensive resources for the subsequent provision of loans to end borrowers at interest rates below market rates.

The funds provided will serve the development of regions, which will contribute to the growth of the country’s economy as a whole and will have a positive impact on the well-being of the people, an increase in jobs, the expansion of domestic production and the receipt of additional income into the country’s budget.