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Sum of issued state mortgage loans exceeds 3.5 billion soms

At least 3,258 people received the preferential mortgage loans within the state program Affordable Housing — 2015-2020 in Kyrgyzstan. The sum of loans exceeded 3.5 billion soms.

Most of all mortgage loans were issued in Bishkek (988) and in Osh city (454). The Affordable Housing program started in March 2016. Its goal is to arrange the issue of preferential mortgage loans to the state employees.

Loans are provided by the operator banks, which are compensated for the difference between the market and preferential loans rates. The state mortgage loans rates vary from 8 to 12 percent per annum.