On May 24, a $3 million loan agreement was signed between the Russian-Kyrgyz Development Fund and Demir Kyrgyz International Bank CJSC.

The funds will be used for targeted financing of small and medium-sized businesses, leasing, as well as the supply of equipment from the Czech Republic and Turkey through a letter of credit.

The loan agreement was signed by RKFR Board member Erkin Asrandiyev and Demir Bank General Manager L. Shevki Sarylar.

The RKDF's resources are used to purchase and renew equipment, to reconstruct and modernize it, and to purchase technologies. Priority branches of support are the agro-industrial complex, the garment, textile, processing, mining and metallurgical industries, tourism infrastructure, medicine, and transport.

The RKFR invites entrepreneurs to cooperate and obtain preferential loans through its 13 partner banks: RSK Bank, KICB, Aiyl Bank, Halyk Bank, Commercial Bank Kyrgyzstan, Bank of Asia, Kompanion Bank, BTA Bank, Capital Bank, Rosinbank, Bakai Bank, Optima Bank, and Demir Bank.