Meeting with the Association of Entrepreneurs "Eurasian Business Club"

On September 6, 2022, the leadership of the Hungarian-Kyrgyz Development Fund, headed by the Chairman of the Management Board Temirbek Erkinov, met with representatives of the association of entrepreneurs "Eurasian Business Club".

The meeting was attended by 14 members of the business club. Temirbek Erkinov presented the Fund's presentation to the participants of the meeting, informed the lending conditions, criteria for borrowers, interest rates and terms of financing. In addition, the Chairman of the Management Board of the Fund familiarized with the website of the HKDF, which accepts applications for funding only in electronic form.

"Eurasian Business Club" focuses on the development of small and medium-sized businesses. We understand that the development of small and medium-sized businesses is one of the engines of the economy, and we are ready to participate in this and provide funding for various projects. For example, for the purchase of Hungarian equipment,” Temirbek Erkinov said.

“There are big projects ahead, and I am sure that cooperation with the Hungarian-Kyrgyz Development Fund will help us in the implementation of projects. Together we will be able to do more for entrepreneurs than individually,” said the Chairman of the Business Club Ulukman Bapaev.

The parties agreed to cooperate in the following areas:

• promotion and implementation of business projects, including in the field of small and medium-sized businesses;
• establishing contacts between entrepreneurs of the business club and Hungary;
• providing information on the conditions of project financing, including innovative projects;
• search for goods, services and equipment produced in Hungary;
• exchange of analytical and statistical information on various market segments.

It should be reminded that the conditions for financing projects by the Fund are much simplified, in contrast to other financial organizations. Interest rates on loans from 1.5% to 7.25% per annum, the financing currency is the US dollar. Financing terms up to 10 years, maximum loan amount up to 5.0 million US dollars, etc.