31-07-2012

FINCA Has Made a Decision to Raise Threshold on Un-indexed Loans

FINCA company made a decision to raise limits on un-indexed loans from KGS 100 to KGS 200 000.

“Prolonged search and negotiations show their results. We are the first among microfinance market participants who were able to directly contact the company hedging currency risks. Moreover, we managed to enter into a long term contract with them. It means that now it is possible to take larger loans in our company that aren’t bound to the US dollar to Kyrgyz som exchange rate, and the company bears exchange risks”, – explains Maksat Begaliev, FINCA’s treasurer. Disbursement of un-indexed loans is planned for this August.