Passport “Corporate”

 PASSPORT OF THE GUARANTEE PRODUCT “CORPORATE”

Requirements to the Client:
Target audience: Legal entities
 Income: Availability of confirmed income from entrepreneurial activities to ensure loan servicing.
Work experience:  At least 18 months
Selection criteria:

· Provision of correct and complete financial information about the company and the group of related parties;

· Transparency of financial statements;

· Providing a sound business plan;

· Having a positive credit history;

· Stable current financial condition and availability of stable sources for loan repayment;

· Absence of debts to tax authorities and social insurance authorities, a court order of execution regarding payments to creditors or the presence of a written consent of the creditor to postpone the claim for the period of the guarantee;

executive judicial sheet regarding payments to creditors or the availability of the written consent of the creditor to defer the claim for the period of the guarantee;

· Provision of liquid security for the fulfillment of obligations (collateral, etc.) by a potential Client;

Guarantee terms:
Loan product type:

· Term loan;

· Credit line with a period of availability not exceeding 12 months;

· Credit substitutes;

Loan amount: from 25 000 000 KGS or equivalent in foreign currency;
Guarantee amount: no more than 20 000 000 KGS; From 20 000 001 KGS to 30 000 000 KGS
Share of guarantee: no more than 40% (Forty) percent of the loan amount; no more than 30% (Thirty) percent of the loan amount;
Guarantee period:  not more than 48 (Forty eight) months
Guarantee commission:
Rate: Sector:
2% percent*

·         Agriculture

·         Processing of agricultural products

·         Manufacturing industry

·         Tourism

2,5% percent* ·         Other sectors except trade
2,8% percent* ·         Trade
*The commission is charged once for the guarantee amount when issuing a loan.