Emergency SMB support category 1

Amount

 50 000 – 1 000 000  KGS   

Rate

0%

Purpose of the loan

On working capital (raw materials, supplies, stocks, goods and other resources for the functioning/resumption of entrepreneurial activity);

For operating expenses (including labor costs, rent, utility bills and others);

For investment financing (equipment, digital technologies, mitigation and adaptation in the green economy, and others).

Agriculture is not funded

Long term

until 36 months

Collateral  

1. Up to 250,000 SOM inclusive - third party guarantee/real estate/motor transport;

2. More than 250,000 SOM - collateral for real estate, if necessary, additional movable property, goods in circulation, fixed assets of the client.

Borrower status

Individual entrepreneurs (currently active, as well as for at least 6 months as of the date of filing an application with the Bank), working on the basis of a voluntary patent or a certificate of registration of an individual entrepreneur, working in accordance with the tax legislation of the Kyrgyz Republic, whose annual turnover does not exceed 8 million soms.

The method of issuing a loan

It is paid to the account of the microenterprise.

1. Completed Borrower Satisfaction Questionnaire (Appendix No. 1);

2. Completed Application form for registration of returnable financial assistance (VFP);

3. A valid voluntary patent, or a certificate of registration of an individual entrepreneur or other documents from state bodies confirming the conduct of entrepreneurial activity, in case of loss of the originals;

4. Documents confirming payments related to the tax regime and social insurance (any 6 months before the application is submitted);

5. A document confirming exemption from payment or absence of arrears on taxes and social insurance.