Passport “Horizon”

Guarantee Product Passport «Horizon»

Customer Requirements:

 

Target Audience:

Legal entities;

Individual entrepreneurs;

 

Age limitations:

(for individual entrepreneurs)

Minimum: 20 years;

Maximum; 65 years old *;

* If the age limit is exceeded and if the guarantee amount is not more than 1 million soms, it is necessary to provide the guarantee of 3 persons.

 

 Revenues:

 

Availability of confirmed income from entrepreneurial activities to ensure family expenses and loan servicing

 

Work experience:

 Not less than 6 months

 

Selection criteria

· Providing correct and complete information about the company and the group of related persons;

Transparency of financial reporting;

· Positive credit history;

· Stable current financial condition and stable sources of repayment, for the entire period of validity of the guarantee;

· No indebtedness to the tax and social insurance authorities, no execution sheet for payments to creditors or written consent of the creditor to defer the claim for the period of validity of the guarantee;

· Provision by the Applicant of liquid security for performance of obligations (pledge, etc.) covering 50% or more of its liabilities;

 

Guarantee conditions:

 

Credit product  type:

· Term loan;

· Credit line, with availability period not exceeding 12 months;

· Credit substitutes;

 

Loan Amount:

from 300,000 soms or foreign currency equivalent;

 

 Guarantee Amount:

not more than 10 000 000 (Ten million) soms;

 

Guarantee Period:

not more than 36 (thirty-six) months

 

Guarantee share of the loan amount:

 

Industry

national currency

foreign currency

 

Loan amount

share

Agriculture (crop production, animal husbandry, beekeeping, fish farming)

not more than 50%

not considered

0%

Other industries:

not more than 50%

not more than 3 500 000 soms

45%

3 500 001 -10 000 000 soms

40%

more than 10 000 001 soms

35%

Guarantee Commission:

 

Rate:

Industry:

 

2.0% percent *

· Agriculture:

· Processing of agricultural products;

· Manufacturing;

· Tourism;

 

2.5% percent *

·       Other industries;

 

* The fee is charged on a one-time basis on the amount of the guarantee when issuing the loan.