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The Kelajakka qadam programme’s credit products support the business ideas of young people and university graduates, the launch of new businesses, the expansion of existing enterprises, and projects by businesses that provide employment for young people.
Below are the main terms of the programme’s four credit products: Tadbirkorlikka ilk qadam, Biznes start, Biznes progress, and Talaba invest.
Conditions applicable to all four credit products
- Interest rate: Central Bank main rate + 1%.
- Funding source: Fund of Reconstruction and Development.
- Disqualifying factors: a negative credit history or existing overdue credit debt.
1. Tadbirkorlikka ilk qadam
Purpose: financial support for the business ideas of self-employed young people and graduates starting their own businesses.
Eligible applicants: self-employed young people and graduates under 31 years of age.
- Loan amount: up to UZS 20 million.
- Loan term: up to 18 months.
- Grace period: up to 6 months.
- Security: an insurance policy covering the risk of loan default.
Special conditions: the applicant must be an individual aged between 18 and 31 at the time of the loan application and must not have a negative credit history.
2. Biznes start
Purpose: financing entrepreneurial projects by graduates and young people who have the necessary business skills and wish to establish an independent business as a business entity.
Eligible applicants:
- University graduates operating as sole proprietors, as well as young people.
- Legal entities whose founder or director is a university graduate or a young person.
Loan amount: up to UZS 300 million.
Loan term:
- For purchasing fixed assets — up to 60 months.
- For working capital — up to 36 months.
Grace period:
- For purchasing fixed assets — up to 12 months.
- For working capital — up to 6 months.
Security:
- For loans of up to UZS 100 million — an insurance policy.
- For loans exceeding UZS 100 million — liquid collateral.
Special conditions:
- Participation in the Kelajakka qadam programme by sole proprietors, university graduates establishing a legal entity, and young people.
- No negative credit history.
- The graduate must have completed university no more than five years previously.
- On the application date, the borrower—a young entrepreneur—must be an individual aged at least 18 and no older than 31.
3. Biznes progress
Purpose: financing entrepreneurial projects by students and young people who have already started their own businesses and wish to expand their activities.
Eligible applicants:
- University graduates operating as sole proprietors, as well as young people.
- Legal entities whose founder or director is a university graduate or a young person.
Loan amount: up to UZS 2 billion. The limit is determined without taking the client’s existing credit debt into account.
Loan term:
- For purchasing fixed assets — up to 84 months.
- For working capital — up to 36 months.
Grace period:
- For purchasing fixed assets — up to 24 months.
- For working capital — up to 6 months.
Security: liquid collateral covering 125% of the loan amount.
Special conditions:
- Participation in the Kelajakka qadam programme by sole proprietors and university graduates establishing a legal entity.
- No negative credit history.
- Creation of at least two jobs.
- The graduate must have completed university no more than five years previously.
- On the application date, the borrower—a young entrepreneur—must be an individual aged at least 18 and no older than 31.
4. Talaba invest
Purpose: financing production and service-sector projects by businesses that have employed university graduates and young people under 31 years of age.
Eligible applicants: businesses that employ university graduates or young people.
Loan amount: up to UZS 10 billion. The limit is determined without taking the client’s existing credit debt into account.
Loan term:
- For purchasing fixed assets — up to 84 months.
- For working capital — up to 36 months.
Grace period:
- For purchasing fixed assets — up to 24 months.
- For working capital — up to 6 months.
Security: liquid collateral covering 125% of the loan amount.
Special conditions:
- If, within two years, the employment contract of a graduate or young person whose employment qualified the business for a preferential loan is terminated, the loan’s interest rate changes to the commercial rate from the termination date, unless another graduate or young person is hired within one month to replace that employee.
- The business must have account turnover.
- The project initiator must participate with a stake of at least 30%.
Note: before applying, confirm the current lending terms, required documents, and eligibility requirements with the lending bank.