Turkmenistan, Ashgabat, March 18 / Trend, H. Hasanov /
"Turkmenistan" State Commercial Bank has delivered soft loans to private enterprises, individual entrepreneurs, companies and agricultural producers at an interest rate of 5 percent per annum:
- On investment projects - up to 10 years;
- For the purchase working capital - up to one year.
Investment projects envisaging the following purposes are subject to lending:
- The development of industrial production;
- The organization, expansion, reconstruction and modernization of existing production, including the purchase of equipment for mini-workshops, small-sized equipment, raw materials, semi-finished products, accessories;
- The development of construction, including infrastructural facilities;
- The development of industry;
- The development of transport, communication and information technologies;
- The development of services;
- The development of health and tourism services;
- The development of new and the restoration of abandoned land for use in agriculture;
- The development and expansion of agricultural production, an increase in refined products, including the purchase of agricultural machinery, the construction of farms, mini-workshops, the purchase of livestock, poultry, animal feed, veterinary drugs, plant protection chemicals, fertilizers, seeds, seedlings;
- The creation of folk arts and crafts;
- Other types of business activity, including innovation, not prohibited by Turkmen legislation.
When lending to investment projects in the above-mentioned areas, at least 15 percent of the project amount must be paid at the borrower's own expense.
Entrepreneurs buying livestock, poultry, plants, seedlings and seeds from the population upon the investment projects may receive up to 20,000 Manat in cash from the loan amount.
Telephones: (99312) 44-02-68, 44-03-17, 44-02-65.