Preferential loans for the development of preschool education

Subjects of financing:

1. A resident of the Kyrgyz Republic who is not an insider or affiliate of financial and credit organizations.

2. Business entity / individual (individual entrepreneurs), duly registered with all government bodies of the Kyrgyz Republic, including the State Tax Service under the Ministry of Finance of the Kyrgyz Republic and the Social Fund of the Kyrgyz Republic under the Cabinet of Ministers of the Kyrgyz Republic, and also received approval to participate in the Project from the Ministry education and science of the Kyrgyz Republic.

3. Availability of own funds in the amount of up to 30% of the estimated cost of construction of the facility.

 

Purpose:

Construction of buildings for preschool educational organizations.

 

Carrying out major repairs/reconstruction.

 

Acquisition and renewal of fixed assets.

 

Loan currency:

 

Kyrgyz som

 

Loan amount and term:

1. Construction of buildings for preschool educational organizations in the amount of up to 70.0 million soms, for a period of 60 months;

2. Carrying out major repairs/reconstruction (including fixed assets) in the amount of up to 50.0 million soms, for a period of 60 months;

3. Purchase and renewal of fixed assets in the amount of up to 10.0 million soms, for a period of 36 months.

​​​​​​​

Interest rate:

 

10% per annum

 

from 10.65% - effective interest rate

 

Security:

• Real estate,

• A land plot owned by the borrower, if the collateral is insufficient, other real estate and movable property may be accepted, as well as a Guarantee Fund Guarantee in the amount of no more than 50% of the loan amount in accordance with the terms of OJSC Guarantee Fund.