Eurasian Development Bank Signed Credit Agreement with Tajprombank
OREANDA-NEWS. November 03, 2011. Eurasian Development Bank (EDB) signed the credit agreement with Tajprombank for funding the micro-credits program in Tajikistan. The credit in the size of USD3 mln for the period of three years will be issued in several tranches on borrowers request, reported the press-centre of KASE.
Tajprombank will independently select sub-borrowers for funding – companies that fit certain criteria, in particular that have not more than 25 employees and individual entrepreneurs. Sub-credits from USD 1,000 to USD50,000 will be issued for the period of 36 months.
In difficult economic situation development of micro-credits in Tajikistan is important and is considered as the priority form of the small business and improvement of the economy.
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