State Financial Holding provides loans to Kyrgyz entrepreneurs
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State Financial Holding provided 350 million soms in financing to 39 entrepreneurs this year under the Regional Economic Development program in Kyrgyzstan.
The organization acts as an agent for the Ministry of Finance to manage budget lending and execute projects initiated by the president, the Cabinet of Ministers, and the Ministry of Finance. The Regional Economic Development program targets all regions of the country except for Bishkek and Osh.
Ozonov stated that the agency issues loans at a 2% interest rate for terms of up to 10 years. Individual loan amounts can reach up to 20 million soms. These funds support various sectors, including tourism, light industry, manufacturing, healthcare, education, and the processing and storage of agricultural products. The State Financial Holding implemented more than 250 projects last year through regional development funds, totaling more than 1 billion soms.
The agency currently has additional projects worth 580 million soms under consideration.
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