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Group loans

Group loans – a microfinance project of the "Bank of Asia" CJSC for individuals and small businesses united in groups on the principles of solidarity and responsible lending.

The purpose of group lending is to support initiatives and assist in the development of small business.

Lending conditions:

Group loans – a microfinance project of the "Bank of Asia" CJSC for individuals and small businesses united in groups on the principles of solidarity and responsible lending.

The purpose of group lending is to support initiatives and assist in the development of small business.

Lending conditions:

  • a loan is given to solidarity groups of at least three people;

  • maximum amount for each member of the solidarity group - 100 000 KGS;

  • minimum amount for each member of the solidarity group - 10 000 KGS;

  • maximum loan amount per group - 500 000 KGS;

  • loan period: up to 1 year;

  • loan security: joint liability of group members;

 

 

interest rates

in KGS

Amount Rate
to 500 000 KGS 30.00

in USD

Amount Rate
to 8 000 USD 24.00

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