KIVA loans

2-2-start

Bai-Tushum Bank suggests preferential KIVA line credits for low income country residents who are involved in entrepreneurship, for stock raising, filed crop cultivation, start up business, and also restoration of a lost business/economy and housing, that suffered from force-majeure circumstances.

Financing in “KIVA” project: credits for stock raising and field crop cultivation, credits for trade development, service and production development, group mutual aid credits.

Conditions for providing KIVA line loans:

  • Currency: KGS/ USD;
  • Credit amount:
  • Individual credits: from 10 000 som to 150 000 som.
  • Group credits: maximum amount – 300 000 som for one group (not more than 100 000 som for single person)
  • Credit terms: individual credits- from 3 to 24 months, group credits – from 3 to 18 months
  • Guarantee:• Real estate;
    • Pledging personal property and sureties of two people is allowed;
    • Combined: real estate and personal property;
  • Bonus: Return from 2% to 5% of the annual interest in case of proper obligations fulfillment. In case of early credit repayment and/or delay over five days, bonus is not valid.

The list of main documents:

  • Copy of debtor’s and his/er wife’s (husband’s), and guarantors if such exist;
  • Copy of the marriage certificate
  • Other documents confirming family’s income (when present)
  • Certificate of employment and income for the last 12 months
  • Constitutive confirming documents and datasheet for the collateral, reference for the collateral;
  • Datasheet for transportation means pledged;
  • State act for land allotment or lease contracts (field crop cultivation)

“Start up business” loan

The loan is provided for stock raising, field crop cultivation, organizing of public catering, providing services in city and country: car service, services for organizing children’s leisure, hair salons, locksmiths, electro services, tourism, and for equipment and technics purchase for business activities organization.

Requirements for a borrower:

  • youth from 22 up to 45 years
  • women from 22 up to 45 years

Conditions of providing a loan:

  • Currency: KGS/ USD;
  • Credit amount:- individual credits: from 10 000 som to 150 000 som.- group credits: maximum amount – 300 000 som for one group (not more than 100 000 som for single person)
  • Interest rate*: KGS – 20,5% (effective interest rate is from 22,49%) , USD – from 17,5% (effective interest rate is from 18,93%)
  • Credit terms: Individual credits – from 3 to 24 months, group credits: from 3 to 18 months
  • Guarantee:• Real estate;• Pledging personal property and sureties of two people is allowed;• Combined: real estate and personal property;
  • Bonus: Return 2of the annual interest in case of proper obligations fulfillment. In case of early credit repayment and/or delay over five days, bonus is not valid.

The list of main documents:

  • Copy of debtor’s and his/er wife’s (husband’s), and guarantors if such exist;
  • Copy of the marriage certificate
  • Constitutive confirming documents and datasheet for the collateral, reference for the collateral;
  • Datasheet for transportation means pledged;
  •  Start up training on financial literacy
  • Photo of the borrower (3*4)

“Force Majeure” loan

The loan is for financing of person, suffered due to force-majeure circumstances, as murrain due to unfavorable weather and epidemic conditions, natural disasters – mud flows, flood, drought and crisis, induced of conflict situations, conjugated with violence and damage and others. Loan is provided for: restoration of head of livestock and crops area; trade, catering arrangement, provision of services, purchase of equipment and technics, construction and reconstruction of immovable properties (real estates).

Requirements for a borrower:

Borrowers, whose business suffered due to force-majeure circumstances, having good credit history and are need of small financing in order to restoration of lost business and/or household.

Conditions of providing a loan:

  • Currency: KGS/ USD;
  • Credit amount:
  • Individual credits: from 10 000 som to 150 000 som.
  • Group credits: maximum amount – 300 000 som for one group (not more than 100 000 som for single person)
  • Credit terms: individual credits- from 3 to 24 months, group credits – from 3 to 18 months
  • Annual rate: KGS –  20,5% (effective interest rate is from 22,41%), USD – from 17,5% (effective interest rate is from 18,93%)
  • Guarantee:• Real estate;• Pledging personal property and sureties of two people is allowed;• Combined: real estate and personal property;
  • Bonus: Return from 2% up to 5 % of the annual interest in case of proper obligations fulfillment. In case of early credit repayment and/or delay over five days, bonus is not valid.

The list of main documents:

  • Copy of debtor’s and his/er wife’s (husband’s), and guarantors if such exist;
  • Copy of the marriage certificate
  • Documents for the collateral (data sheet, constitutive documents, reference from the State Register confirming absence of prohibition on the property)
  • Certificate from Government bodies, confirmed the fact of damage to borrower’s property due to force-majeure circumstances.
  • Land documents (certificate/State act for land or lease contracts)
  • Datasheet for transportation means pledged;
  • Photo of the borrower (3*4)

*The interest rate and repayment schedule depends on the requested amount, loan term, solvency, collateral provided and others. Sales specialist will provide you with the repayment schedule, according to the requested amount and the above conditions.

You can find the address and contact phone number of the closest Bai Tushum Bank office in section “Contacts” or find out in Bank’s Call center using the phone number: (312) 905 805.