The State Development Bank of the Kyrgyz Republic signed an agreement with Dos-Kredobank to provide funds under a program to support sustainable financing for micro, small, and medium-sized enterprises.
Dos-Kredobank became the State Development Bank’s fourth partner bank under the program, which aims to expand access for small and medium-sized businesses to preferential financing for projects in the green economy, energy efficiency, and resource conservation.
The program provides for the State Development Bank to provide resources to partner banks for on-lending to entrepreneurs at an interest rate of 8% per annum in national currency for up to 5 years.