OREANDA-NEWS. July 09, 2010. Ipak Yoli open joint-stock innovation commercial bank, within the credit line extended by the Asian Development Bank, has introduced a new microcredit product for heads of enterprises and private entrepreneurs.

The sum of microcredit is maximum USD20,000 with 24% APR. If a client uses microcredit services in the bank for the first time, the extension period is 1-9 months, and next times – 9-12 months. The main debt amount and interest are paid monthly in equal portions.

Cars, real estate (uninhabitable), jewelry and other types of property can be put on the security of this microcredit product.