Tulpar-II

complete

The proposed project involves an expansion of a residential compound in Shimkent, Southern Kazakhstan, which was successfully completed this year. The Project includes construction of 134 houses (Tulpar-2) to be co-financed by Kazakh Kazkommertsbank (KKB), which provides a USD 6 million loan to the Company. The potential buyers of the houses can use mortgage financing available from the major Kazakh banks operating in Shimkent. a) The proposed project will contribute to competition in the sector due to the provision of superior quality housing and would develop a market for the suppliers and clients. b) Provision of local goods and services by suppliers and sub-contractors to the company will support the local SME sector. c) Skills transfer by the Kyrgyz sponsor including training of local construction workforce in Shimkent in new construction technologies and materials, imposing best practice of environment, health and safety standards of construction. The Kyrgyz management would also introduce efficient management, sound procurement along with new suppliers. Eristyle-Kazakhstan Limited Liability Company, registered in the Kazakhstan. USD 6 million senior loan with a 5-year tenor, including up to 2 years of grace period. USD 6 million senior loan with a 5-year tenor, including up to 2 years of grace period. USD 6 million senior loan with a 5-year tenor, including up to 2 years of grace period. None. Mr. Oirat Mamirov Eristyle-Kazakhstan Ltd. Proezd Zemlyachki Shimkent Kazakhstan 486005 E-mail: mamirov_om@yahoo.com Tel. +7 300 777 44 04; Fax. + 7 3252 511 238.