Loan product Program "Financing of working capital under the guarantee of a partner"

Target group

Legal entities (business entities) operating for at least 6 months on the territory of the Kyrgyz Republic, established in accordance with the legislation of the Kyrgyz Republic, formed in the form of a joint-stock company, limited liability companies and state-owned enterprises

Partners

Commercial banks, Development funds that meet the following requirements:
• having financial statements that meet the break-even requirement for the last 3 years
• comply with all economic regulations of the NBKR (if the organization is licensed by the NBKR)
• complying with the standards established by the legislation of the Kyrgyz Republic
• not having any significant sanctions on the part of the NBKR (if the organization is licensed by the NBKR), such as: - restriction or prohibition of lending operations
- restriction or prohibition of operations for opening and maintaining bank accounts
- restriction or prohibition of deposit acceptance operations
- introduction of direct banking supervision
- Introduction of a temporary administration
- revocation of the license
If a commercial bank or a development fund is not included in the list of partners of the Bank, it is necessary to sign a memorandum of cooperation of the established pattern between the Bank and the commercial bank/development fund.

Options

Purpose
Projects aimed at replenishing working capital
Collateral for financing
Guarantees of Development Funds and commercial banks of the Kyrgyz Republic that meet the requirements of paragraph 3 of the Program
When providing a bank guarantee in national currency, the required amount of collateral must cover the loan amount by 105%
When providing a bank guarantee in a foreign currency, the required amount of collateral must cover the loan amount by 120%
Repayment schedule for the Borrower
• Annuity payments
• Individual schedule
Grace period
Up to 6 months for principal repayment
Responsibility for repayment of borrowed funds by borrowers
The partner Bank fully assumes the risk of non-repayment of the loan by its borrowers by issuing a letter of guarantee on the fulfillment of the terms of the Loan Agreement.