Microfinance

Basic parameters and terms of lending

 

1.1.

Features of credit

Term loan

 

1.2.

Name of loan product

Microinvestment

Microfinance product

 

1.3.

Purpose of loan product

- For entrepreneurial entities (including individuals who do not have legal status-individual entrepreneurs and self-employed individuals)

 - A loan for purchasing fixed assets and increasing working capital.

 

14.

Loan term

In national currency; sum (UZS)

 

1.5.

Maximum loan term

The maximum period is 36 (thirty six) months.

To increase working capital in retail activity,  the maximum period is 18 (eighteen) months

 

 

 

 

1.6.

 

 

Interest rate (per annum). According to industry and term *

 

               Term
 

 

Industry (sector)

1 - 12 months

13 - 18 months

19 - 24 months

25 - 36 months

Grace period (according to the loan term)

Service and production sectors

27,00%

27,50%

28,00%

29,00%

Grace period is up to 3 months when the loan term is up to 18 months.

Grace period is up to 6 months when the loan term is between 19 and 36 months.

Production

27,00%

27,50%

28,00%

29,00%

Trading activity

27,50%

28,00%

28,50%

29,00%

 

 

 

 

1.7.

Requirements for consideration of the loan application submitted by the borrower and decision making on this application

Up to 5 (five) working days (with the submission of a complete set of documents)

 

1.8.

Maximum loan term

 50.000.000,00 (fifty million) UZS

 For trading activity - 100.000.000,00 (a hundred million) UZS

 

1.9.

Necessary documents

 - Documents which belong to an individual, an entrepreneur; a company

 - Security documents

 

1.10.

  Type of provision      (collateral)

- Guarantee of property and a third-party person

- In cases where the value of the transport, non-residential property, and a third-party person guaranteeing the loan amount is not less than 115% (as required for additional collateral

 

  1.11.

  Requirements for the borrower

 - Being a citizen of the Republic of Uzbekistan;

 - Not having a negative credit history;

 - Ability to meet payment obligations;

 - The repayment of the main and interest payments of the loan is directed towards  covering 60% of the borrower’s average monthly income, deducting existing credit payments and other mandatory payments;

 

  1.12.

Credit allocation form

-Transferring credit funds to the bank account of the buyer/supplier for companies;

- Sole entrepreneurs and self-employed individuals – in cash or to their bank card for an individual.

 

1.13.

Periodicity of interim repayment payments

Monthly

 

1.14.

Type of repayment

Annuity payment

 

 

3/4/2024