Mortgage "GIK" at the expense of KFW "Ashar" (construction of individual housing)

Target group:

Families with low and middle income in rural areas of the Kyrgyz Republic

Purpose of the loan:

Construction of individual residential buildings (staged construction).

Territorial restrictions:

Except for Bishkek and Osh

Sources of financing:

Funds provided by KFW through the State Mortgage Company OJSC

Interest rate:

8 (eight)% per annum (effective rate from 8.6% per annum)

Loan term:

- Maximum term of 15 years

- The period of construction of a residential building is no more than 18 months from the date of issuance of the first tranche for construction

Maximum financing amount:

Up to 38,700 (thirty-eight thousand seven hundred) euros, in the equivalent of the national currency

Maximum cost of acquired housing:

The cost of the objects must not exceed 43,000 euros in the equivalent of the national currency

Mandatory own contribution of the participant:

- Not less than 20 (twenty) percent of the amount of design and estimate documentation

- In the absence of the participant's own contribution, it is allowed provision of additional collateral in the form of real estate or provision of a Mortgage Guarantee.