Loans for small and medium-sized businesses at interest rates below market rates
JSC "Tourism Development Support Fund of the Kyrgyz Republic" and Association of Legal Entities "Association of Microfinancial Organizations" signed a memorandum of cooperation. Its purpose is to provide access to finance for entrepreneurs engaged in tourism in the Kyrgyz Republic.
Within the framework of the signed memorandum, the parties undertook to work out the best conditions for crediting domestic entrepreneurs through the microfinance organizations of KR.
It is noted that funding will begin with the beginning of the tourist season.
To make the support effective, it was decided to apply interest rates below market rates.