| Target Group |
Individuals and legal entities engaged in entrepreneurial activities |
| Lending currency |
Kyrgyzstan Soms |
| Requirements for the borrower |
A potential borrower must:
- Be a resident of the Kyrgyz Republic;
- Have a stable business operating continuously for at least six (6) months prior to applying for a loan
|
| Purpose |
Credits are granted to:
- for any consumer purposes that do not contradict the Company's Credit Policy;
- Refinance
|
| Loan amount |
from 200,000 to 1,000,000 soms |
| Loan interest rate |
- from 200,000 soms to 500,000 soms - 24% per annum
- from KGS 500,001 to KGS 1,000,000 - 22% per annum
|
| Annual effective interest rate |
from 24.36% |
| Lending term provided |
3 to 60 months |
| Loan repayment terms |
On a monthly basis:
- annuity payments;
- differentiated graph.
|
| Loan early repayment |
Early repayment of the loan is allowed without penalty |
| Collateral |
Type of collateral |
Percentage collateral |
| KGS 200,000 – 500,000 |
Movable property (vehicles) |
At least 130% |
| KGS 501,000 – 1,000,000 |
Real estate (residential and non-residential premises, land plots, etc.) Movable property (vehicles) |
At least 130% |
|
Mandatory compliance with the Company's Collateral Policy and collateral coverage of at least 130% of the loan amount |
| Design review |
The following project reviews are provided:
- Check in CIB;
- Financial analysis;
- Collateral analysis (for real estate, vehicles and equipment);
- Legal analysis
|
| Constraints |
The recommended installment coverage ratio (the ratio of the balance of net profit after payment of the loan installment to the net profit in the income statement) should be at least 20%
The terms of the credit limit in exceptional cases may be changed (in such cases, the decision is made individually at the discretion of the Credit Committee)
|
| List of required documents |
For an individual (individual entrepreneurs):
- Copies of identity documents (passport) of the Borrower/Pledgor/Guarantor and spouses;
- A copy of the patent / certificate of state registration (re-registration) as an individual engaged in individual entrepreneurial activity without forming a legal entity;
- Certificate of the absence (presence) of debt from the tax authority in the implementation of entrepreneurial activities on the certificate;
- Other documents that are necessary, including for assessing the solvency of the borrower (contracts, agreements, etc.)
- Notarized consent of the spouse of the borrower to receive a loan or a statement of marital status.
For a legal entity:
- A copy of the document certifying the authority of the head of the legal entity to dispose of the funds of the legal entity;
- Copies of constituent documents;
- Copies of the certificate of state registration (re-registration) of a legal entity;
- Copy of the registration card issued by the tax authority;
- Certificate of the absence (presence) of debt from the tax and social authority;
- Other documents that are necessary, including for assessing the solvency of the borrower (contracts, agreements, etc.)
For collateral, when pledging real estate property:
- Originals of title documents for collateral;
- Technical passport (inventory file);
- Certificate from the authorized state body on the absence of a prohibition on the alienation of the property offered as a pledge;
- Certificate from the authorized state bodies about the residents registered at the time of privatization (in the case of a privatized apartment / residential building);
- Notarized consent of the pledgor's spouse to a bond or statement of marital status.
For collateral, in case of pledge of movable property:
- For a vehicle offered as a pledge, a document is a technical passport issued by an authorized state body, issued to the pledger;
- Certificate from the authorized state body on the absence of a prohibition on the alienation of the property offered as a pledge;
- Consent of the pledger's spouse to a bond or statement of marital status without notarization
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