Improving air quality in the Kyrgyz Republic

Loan Purpose:
Provision of preferential loans to the Project's final beneficiaries for the implementation of environmentally friendly heating systems in individual residential buildings, as well as support for companies supplying, installing, and assembling environmentally friendly heating equipment.

Borrowers:
Individuals – owners (proprietors) of individual residential buildings and their family members residing in Bishkek.

Individual entrepreneurs and legal entities – companies and sole proprietors supplying, selling, installing, and assembling environmentally friendly heating equipment.

If the borrower is a family member who is not the owner of the residential building, additional collateral in the form of a surety agreement with the owner of the residential building is required.

Purpose of the loan:
Purchase and installation of environmentally friendly heating equipment, including:

Heat pumps (air-to-water, air-to-air, water-to-water, ground-to-water);

Electric boilers and infrared ceramic heaters (radiators);

Solar thermal collectors for heating and hot water supply;

Solar photovoltaic (PV) panels and energy storage systems;

Other types of environmentally friendly heating systems.

Financing for the purchase of consumables related to the installation and assembly of the above equipment is also available.

Loan Currency:

Kyrgyz Som

Loan Amount:
For individuals (households in Bishkek) — up to 1,000,000 soms;

For legal entities and sole proprietors — up to 5,000,000 soms.

Interest Rate:
8% per annum — for individuals (households in Bishkek);

10% per annum — for legal entities and sole proprietors.

Effective interest rate:

for individuals – 8.32%
for supplier companies (sole proprietors, legal entities) – 10.50%

Loan Term:
Up to 60 months

Loan Security:
For individuals:

Up to 300,000 soms — no collateral;

From 300,001 to 1,000,000 soms — real estate, deposit;
as additional collateral — vehicles and/or other movable property.

For legal entities and sole proprietors:

up to 300,000 soms — no collateral;

from 300,001 to 5,000,000 soms — real estate, deposit;
as additional collateral — vehicles and/or other movable property.