Interest-Free Loans Offered to Social Contract Members
Interest-Free Loan Program Launched for Participants of Social Contract Program in Kyrgyzstan
Bishkek – 15:55, 29 August 2024
Applications are now being accepted for a new interest-free loan program designed specifically for participants of the Social Contract program in Kyrgyzstan. The Ministry of Labor, Social Security, and Migration of Kyrgyzstan announced the start of the program through their press service.
Under this initiative, participants of the Social Contract program who have been actively involved in entrepreneurial activities for at least 6 months are eligible to receive interest-free loans of up to 200,000 soms. The loan period will be for three years, providing participants with the necessary financial support to further grow their businesses.
“After receiving the interest-free loan, participants will have a three-month grace period before they begin repaying the loan in equal monthly installments over the course of three years,” stated the Ministry.
In order to apply for the loan, individuals must submit their applications to Aiyl Bank OJSC and Eldik Bank, the designated financial institutions for processing and disbursing the loans.
This new initiative aims to support and empower participants of the Social Contract program who are actively contributing to the country’s economic development through their entrepreneurial endeavors. It provides them with access to much-needed financial resources to expand their businesses and achieve greater success in their entrepreneurial ventures.
