Arzuw NEWS - Turkmenistan news

"Halkbank" has launched lending in small amounts

In order to support the implementation of state policy aimed at the development of agriculture and cattle breeding to provide the population with high-quality domestic food at affordable prices, state bank "Khalkbank" offers loans in small amounts to entities involved in the agricultural sector.

There are favorable conditions for this category of customers: small loan amount (up to 30 thousand manat), interest rate - 10%, lending period - up to 3 years (grace period - 6 months). The guarantee of a solvent third party or the property under the pledge is provided as loan collateral.

To take advantage of this credit program it is necessary to provide documents confirming the allocation of land (subsidiary farm) and the availability of the borrower's stable income. In addition, it is necessary to prepare documents on collateral property and others at the request of the bank.

Source: halkbank.gov.tm

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