RKDF will finance at 1 startup projects in three regions of Kyrgyzstan

Bishkek, Aug. 27, 2019. / Kabar /. At 1 startup projects will be financed in Naryn, Talas and Batken Oblasts, chairman of the board of the Russian-Kyrgyz Development Fund (RKDF) Erkin Asrandiev told reporters at Kabar Agency.
According to his data, the projects should relate to the processing industry of agricultural products produced by local agricultural producers.
"The amount of 1 project is from USD 200 thousand to 350 thousand, including the financing of working capital necessary for the project. The main conditions of the project are the interest rate - 4% per annum for up to 7 years. The grace period is up to 24 months," Asrandiev said.
He noted that these areas were selected due to difficult climatic and geographical conditions, remoteness and to stimulate business activity in these regions.