Keremet Bank launches an interest-free lending program for businesses affected by the pandemic
Keremet Bank OJSC and the State Agency for Budgetary Loans Management under the Ministry of Finance of the Kyrgyz Republic signed an Agreement "On emergency support for micro, small and medium-sized businesses."
On the part of Keremet Bank, the Cooperation Agreement was signed by the Chairman of the Board Rysbek Toktogulovich Toktogul, on the part of the State Agency for the Management of Budgetary Credits - by the director Zhusubali Kyrgyzbaevich Toromamatov.
The project, funded by the World Bank and Asian Infrastructure Investment Bank, is aimed at restoration of domestic businesses affected by the COVID-19 pandemic.
Funds allocated in the form of interest-free loan for the term of up to 18 months will be issued in two directions:
- Direction I - entrepreneurs with a small business and working on the basis of a patent.
- Direction II - small and medium-sized enterprises that hire employees and operate as legal entities or individual entrepreneurs.
The given model of cooperation is an excellent chance for entrepreneurs to use interest-free credit resources to eliminate the negative consequences in business from COVID-19 and to restore full-fledged activities as soon as possible.
Keremet Bank is pleased to become a part of an important social project that will definitely have a positive impact on the restoration of domestic business in the country and improvement of economy of the Kyrgyz Republic as a whole.
Lending terms under this program will be announced after completion of organizational issues between the Bank and Agency. All questions about this project and other bank services can be clarified in the round the clock contact center of Keremet Bank by phones: (0 312) 55 44 44, (0 557) 55 44 44 - WhatsApp.
