NO-INTEREST RATES LOANS FROM KEREMET BANK OJSC TO SUPPORT BUSINESS
Under the project of the Ministry of Finance of the Kyrgyz Republic "Emergency support for micro, small and medium enterprises, Keremet Bank OJSC offers a non-interest loan "Support for SMEs".
The goal of the project is to support micro, small, and medium-sized enterprises (MSMEs) in overcoming the crisis caused by the pandemic.
- The project supports and finances entrepreneurial activities other than agriculture
- Financial aid is provided in soms, with non-interest repayment
LOAN PURPOSE:
1) Operational working capital (raw materials, supplies, goods and other resources for the operation/renewal of business activities);
2) Operating expenditures:
- salary expenditure;
- invoices from vendors;
- rent expenditure;
- utility costs (including Internet).
Loan funds cannot be used to cover other purposes.
HOW TO GET FINANCIAL AID?
Project participants must provide information about the tax and insurance premium absence, and also meet the following criteria, which are divided into two categories:
Category 1
Individual entrepreneurs operating in accordance with the tax laws of the Kyrgyz Republic, whose annual turnover does not exceed 8 million soms.
- Amount of financial aid: up to 250,000 soms
- Duration of financial aid: up to 18 months
Category 2
Individual entrepreneurs, as well as legal entities operating in accordance with the tax legislation of the Kyrgyz Republic, whose annual turnover does not exceed 30 million soms.
- Amount of financial aid: up to 1 000 000 soms
- Duration of financial aid: up to 18 months
