JSC microcredit company "Entrepreneurship Development Fund" announces a competition for the best business project for a start-up for any type of entrepreneurial activity.
The competition is held with the support of the Ministry of Finance of the Kyrgyz Republic throughout the territory of the Kyrgyz Republic. Participation in the contest is free, without restrictions, free of charge.
Requirement for projects:
- The payback period of the project should be within 3 years;
- loan amount up to 1 million soms at 16% per annum, for a period of 3 years;
- High profitability with value chain capability
Requirement for applicants:
- must have a good credit history;
- be a citizen of the Kyrgyz Republic, over 21 years of age;
- presence of collateral;
- Practical experience in this business for at least 6 months.
The following projects are preferred:
- technological, knowledge-intensive, based on the latest or own invention or projects with an innovative component.
- export-oriented, import-replacing projects.
- Production of consumer goods, foodstuffs, finished products and traditional handicrafts with supply contracts.
Those who wish can send their business projects in electronic form to e-mail imanov_t@frp.kg
The winners will be provided with credit funds for the implementation of the project.
The results of the competition will be published on a monthly basis on the official website of OJSC Microcredit Company "Entrepreneurship Development Fund" - www.frp.kg
Contact person - Imanov Timur, tel.: 0709 009 677
Email- imanov_t@frp.kg
List of required information for participation in the competition:
- Name of the participant, contact details;
- Participant's place of residence;
- Business plan for the project;
- Offer of collateral;
- Information about personal experience;
- A free-form explanation of your project.