European Bank for Reconstruction and Development has launched a micro-finance program in the South of the country. The program objective is to provide private entrepreneurs with regular access to bank loans. 50-dollar up to 5000-dollar credits are available for the duration of three years through this program. EBRD representatives point out that this program meets the needs of financial market in South Kyrgyzstan.
The program has been underway since summer of 2002. Over 400 loans have been granted in the period.
Novosti.kg, February 19, 2003