The Entrepreneurship Development Fund has begun issuing preferential loans at 8% interest.

The Entrepreneurship Development Fund has officially announced the launch of a preferential lending program. Starting June 25, entrepreneurs across the country can apply for loans at 8% per annum, one of the lowest rates on the market for small and medium-sized businesses.

The Ministry of Finance has allocated 500 million soms for the program in the form of a contribution to the Fund's authorized capital. Financing is available to entrepreneurs working in key industries, from manufacturing and processing to healthcare, education, tourism, and the service sector.

The maximum loan amount is up to 5 million soms for a term of up to five years. The program is implemented through 13 regional branches of the Fund, where you can also get advice and help with filling out an application.

“The Entrepreneurship Development Fund encourages entrepreneurs to seek advice and take advantage of the opportunity to obtain affordable financing for the development of their businesses,” the organization's press service said.