Yrys

1. Homepage
2. Members Association

Yrys Microfinance Organization LLP is a subsidiary of RIC “ONTUSTIK” LLP.

Since April 2009, Yrys MFO has been operating by providing preferential financing for investment projects, thereby contributing to the improvement of the regional state investment policy.

To make access to credit and financial leasing more convenient for entrepreneurs, regional managers operate in every district of the Turkestan region. Their primary role is to provide consultations on lending and assist entrepreneurs in collecting the necessary documents for obtaining financing.

The main objective of Yrys MFO LLP is to promote entrepreneurship in rural areas by financing socially significant sectors of the Turkestan region. The conditions offered by the organization are simplified as much as possible to ensure accessibility. Both existing business projects and start-up initiatives are eligible for financing.

Microloans issued by the organization currently range from 6% to 17% per annum, depending on the source of funding. It is noteworthy that 90% of financed projects are located in rural areas.

Advantages of Yrys MFO

• the only microfinance organization in the region offering preferential interest rates;

• regional managers operate in every district of the Turkestan region;

• collateral may include residential and commercial real estate owned by the borrower, located both in cities and rural areas (regardless of construction materials), agricultural land plots, and vehicles;

• no commissions for loan issuance or servicing;

• attractive financing conditions, including flexible repayment schedules for loans and leasing.

Priority financing areas

The priority areas of financing include agricultural and socially significant projects in the Turkestan region, such as:

• establishment of livestock feeding sites and dairy farms;

• development and creation of greenhouse complexes;

• processing of agricultural products;

• production of consumer goods and provision of services.

Types of financing

Yrys MFO provides financing to individual entrepreneurs, peasant (farm) enterprises, and legal entities.

The maximum financing amount does not exceed 8,000 monthly calculation indices (MCI).

The organization offers the following types of financing:

Direct financing (microloans)

• financed from the company’s own funds — interest rate up to 17% per annum, financing term up to 84 months;

• financed from borrowed funds — the interest rate and loan term are determined by the Supervisory Board.

Financial leasing

• interest rate up to 9% per annum, financing term up to 84 months.