| Target Group |
Private and individual entrepreneurs |
| Lending currency |
Kyrgyzstan Soms |
| Requirements for the borrower |
A potential borrower must:
- Be a resident of the Kyrgyz Republic;
- The presence of a patent valid at the time of filing the application / IP registration certificate
|
| Purpose |
- For commercial purposes for the development of an existing business that does not contradict the Company's Credit Policy;
- For refinancing
|
| Loan amount |
from 200,000 to 5,000,000 soms |
| Loan interest rate |
13% per annum |
| Annual effective interest rate |
from 13.80% |
| Lending term provided |
from 200,000 soms to 1,000,000 soms - from 3 to 36 months;
from 1,000,001 soms to 5,000,000 soms - up to 60 months.
|
| Loan repayment terms |
On a monthly basis:
- annuity payments;
- differentiated graph;
- individual chart;
- quarterly chart.
|
| Loan early repayment |
Early repayment of the loan is allowed without penalty |
| Collateral |
Type of collateral |
Percentage collateral |
| KGS 200,001- 500,000 |
Movable property (vehicles) and/or real estate (residential and non-residential premises, land plots, etc.) |
- |
| KGS 501,000 to 5,000,000 |
Movable property (vehicles) |
At least 130% |
| KGS 501,000 to 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 |
- When lending to the service or production sector, it is allowed to issue a loan in an amount exceeding the amount of equity capital;
- 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 private and 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;
- Notarized consent of the spouse of the borrower to receive a loan or a statement of marital status.
For collateral, when pledging real estate:
- 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);
- Notary Legally certified consent of the pledger'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;
- Notarized consent of the pledgor's spouse for a bond or statement of marital status.
|
