MIKROMOLIYA krediti

to develop the activities of microfinance organizations and pawnshops

Up to the amount of the underwriter limit

The amount of credit

Up to 18 months

Credit term

Up to 3 months

Grace period

UZS, USD, EUR

Credit currency

For micro and small businesses

Who is it for

Individually determined

Credit rate

The nearest bank office to you choose and get advice

Necessary documents provide

Sign documents and receive money to current account

Usefull to know

Conditions
Main requirements for clients
Necessary documents

Basic information

Purpose of credit:

to replenish working capital in order to develop the activities of pawnshops and microfinance organizations

Currency:

national currency (sum)

foreign currency (US dollar, evro)

Credit term:

At the expense of the bank's own funds - for a period of up to 18 months / 36 months, based on an individual credit agreement with the signing of a master agreement;

At the expense of other attracted funds - in accordance with the terms of the attracted line.

Grace period:

•at the bank's own funds - up to 3 months
•at the expense of other attracted funds - according to the terms of the attracted line

Interest rate: in the national currency, at the expense of the bank's own funds and other attracted funds: in an amount not less than 28%.

Product Collateral:

Colateral not less than 125% of the credit amount (130% for Related Parties).

Not less than 62.5% of the loan amount must be secured by property collateral and/or cash.

The remaining 62.5% may be covered by an insurance policy.

Grace period:

• at the expense of the bank's own funds - up to 3 months
• at the expense of other attracted funds - according to the terms of the attracted line

Interest rate:

In the national currency, the bank, at the expense of its own funds and other attracted funds:

In the credit amount of not less than 28%

Property collateral:

real estate.

transportation- no more than 3 years old (wherein, the year of manufacture in the calculation process is considered the first year).

special equipment - no more than 3 years old (wherein, the year of manufacture in the calculation process is considered the first year).

equipment - no more than 2 years old (wherein, the year of manufacture in the calculation process is considered the first year).

funds - in the currency of the credit.

insurance policy.

Additional conditions:

1. Requirements for the period of activity for obtaining a credit

In order to use credit funds, it is necessary to have started operating for at least 12 months.
If property collateral and/or cash funds in the amount of 140% of the credit amount are provided, this requirement does not apply.
The start of activity must be confirmed by a license/certificate/notification issued by the Central Bank.

2. Obligation to create jobs

If the credit amount exceeds 10 billion soums, the client must create at least 10 new jobs within 1 month after receiving the credit.
If this requirement is not met or the number of jobs created in the specified amount is reduced during the credit period, the client will be charged a penalty of 0.2% of the initial credit amount each month.
If jobs are restored, the penalty will be canceled.

3. The use of this product is prohibited for enterprises in which bank employees and their close relatives (parents, brothers, sisters, sons, daughters, spouses, as well as parents, brothers, sisters and children of spouses) participate (founded) or are managed, as well as for enterprises in which the above persons participate (managed) under the guarantorship of enterprises, when participating as a pledgor

Files

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Main requirements for clients

1. The report on financial results (Form No. 2) must be completed positively;

2. The borrower's credit load must not exceed 100%;

3. If the borrower's credit load is higher than 100%, a legal entity guarantee is obtained as a credit security. In this case, the requirements for the guarantor enterprise:

- The number of guarantor enterprises must not exceed 2;

- The combined credit load of the borrower and the guarantor enterprise(s) must not exceed 100%;

- The guarantee amount must not be less than 125% of the requested loan (if the number of guarantors is 2, each guarantor enterprise provides a guarantee for 125% of the credit amount);

4. The availability of own working capital must be positive;

5. There must be no overdue credit arrears on existing credits and equivalent operations;

6. There must be no overdue credit arrears of related enterprises in the system of JSCB “Uzsanoatqurilishbank”;

7. There must be no card debt No. 2;

8. There must be no current credits of the client to all commercial banks and related enterprises classified in the categories “unsatisfactory”, “doubtful” and “hopeless” in the system of JSCB “Uzsanoatqurilishbank” according to the KATM reference book;

9. In the last 60 months, on credits:

- no more than 10 overdue debts exceeding 30+;

- no more than 3 overdue debts exceeding 60+;

- no overdue debts exceeding 90+ are allowed at all;

- no overdue debts in legal proceedings (judicial) are allowed at all;

- no overdue debts taken to an off-balance sheet account (written off, withheld by the written off PKNT);

10. In the last 12 months, the monthly credit payments (principal debt and/or interest) in the system of JSCB “Uzsanoatqurilishbank” should not exceed 3 times;

11. In the system of JSCB “Uzsanoatqurilishbank” today, there should be no more than 3 cases of extension (change) of the interim and final payment terms of the principal debt and accrued interest debt on existing credits;

12. In the system of JSCB “Uzsanoatqurilishbank” today, there should be no balance in the accounts of interest debts whose terms have been revised and the term has been extended on the principal debt on existing credits;

13. In the system of JSCB “Uzsanoatqurilishbank” today, there should be no cases of failure to fulfill the conditions established by the collegial body on existing credits;

14. There should be no cases of misuse of existing credits in the system of JSCB “Uzsanoatqurilishbank”. The verification of the intended use is carried out based on the act of intended use of the credit management service (which must be clearly indicated). In this case, this condition does not apply to credits for which the act of intended use has not expired, the borrower has taken the supplier to court for non-delivery of services/products, and credits for which the intended use of credit funds is not subject to verification;

15. The borrower should not have funds that are due for payment under enforcement proceedings opened by the Compulsory Enforcement Bureau;

16. In the last 3 years, if there have been claims in the economic court regarding credit services (including cases where a guarantee was provided for the defendant) and the claim was partially or fully satisfied, the request will be considered and the collegial body has the right to reject this request (except for business entities operating without the status of a legal entity, and cases where an appropriate property pledge has been provided for the defendant).

Necessary documents

1. Application form;

2. Appropriate license issued by the central bank;

3. Consent of the founders of the borrowing enterprise to obtain a credit, formalized in accordance with the procedure established by current legislation (with the exception of private enterprises and business entities operating without the status of a legal entity);

4.The balance sheet and financial statement of the borrowing enterprise for the last reporting period (submitted electronically to the relevant DSI) (except for cases where Forms 1 and 2 are received electronically by the Bank from the DSI database);

5. A quarterly balance sheet and financial results report for the latest period may be submitted;

6. Information on account turnover in other banks (card file-2 debt in cases where the main account is in another bank);

7. Report of an independent appraisal organization on the collateral;

8. Cadastral document (extract and cadastral passport) if the collateral is real estate, as well as a lease agreement if the right to the land plot is leased;

9. If the object of pledge is transportation and special equipment, a certificate of registration of the transportation (technical passport, technical certificate);

10. Consent of the founders of the individual (enterprise) pledging the property to pledge the property as collateral for the credit;

11. Constituent documents of the third-party enterprise pledging the property (if the enterprise is serviced by another bank);

12. A copy of the passport of the third individual pledging the property, a copy of the passport of the director and chief accountant of the third legal entity (if any) (if the enterprise is serviced by another bank);

13. A lease agreement related to the place of business, confirmed by the cadastre or e-lease;

14. The borrower's accounts receivable and payable balance sheet;

15. Other documents may be requested depending on the nature of the project.

16. When a guarantee is provided as credit collateral:

- consent of the founders of the guarantor enterprise to provide a guarantee;

- the balance sheet and financial results report of the guarantor enterprise for the last reporting period (submitted in electronic form to the relevant DSI) (except for cases where forms 1 and 2 are received electronically by the bank from the DSI database);

- constituent documents of the guarantor enterprise (if the enterprise is serviced by another bank);

- a copy of the passport of the director and chief accountant of the guarantor enterprise (if any) (if the enterprise is serviced by another bank);

- information on the account turnover of the guarantor enterprise in other banks.