Entering a new sector and seeking to hire thousands of employees

Client

Women entrepreneurs

Credit purpose

To replenish working capital and purchase fixed assets

Currency

USD (the allocated currency can be converted to soums at the customer's request to finance payments within the country)

Maximum loan amount

Up to 30 thousand US dollars

Funding source

from the funds of the European Bank for Reconstruction and Development

Credit allocation form

By money transfer

Loan percentage

8%* per annum (6-month Libor + 2.8% ETTB margin + 3.27% Mortgage bank margin).

If the loan is returned before the due date

1% of early repayment

Credit Cancellation Commission

1% of the loan amount

Penalty for overdue payments

2% per annum

Obligation Commission

0.5% of the unused portion of the loan

Resource attraction commission

Not specified

Loan period

Replenishment of working capital and purchase of fixed assets up to 18 months (However, the last term of the loan should not exceed November 13, 2023)

Loan repayment procedure

Based on the project, the grace period can be set up to 3 months for replenishment of working capital and up to 6 months for the purchase of fixed assets.

To replenish working capital: interest payment - monthly, principal payment - after the payment deadline is divided into equal amounts for the remaining term of the loan.

For the purchase of a fixed asset: interest and principal loan payment - paid twice a year on May 15 and November 15 (principal loan payment should be divided into amounts equally distributed over the loan term, taking into account the grace period). No extension of the return period is allowed

Credit provision

Under collateral of liquid supply

Lending and documentation process

It is carried out based on the Bank's current Credit Policy and Lending Regulation

Additional terms

- It should not be less than 6 months since the woman started her entrepreneurial activity;

- can be financed within the limits set by the J-USBP program;

- At least 70% of this credit line must be financed in areas outside Tashkent;

- Loan funds are not allocated for any activities related to the production, sale or processing of cotton grown in Uzbekistan, which are included in the list of ecological and social prohibitions of ETTB;

- The client's participation in the project in the form of 30% money is not required

Amount expected to be disbursed

10.0 million US dollars

Expected NPL maximum level

2.0%

Measures to be taken in case of NPL excess

· Acceptance of loan product applications is temporarily suspended for 1 month;

· The reasons for the emergence of these problematic loans will be analyzed, the loan allocation process will be revised.

According to the results of the analysis:

a) Loan disbursement conditions will be tightened and discussed for continued use of the product while reducing non-performing loans to marginal levels.

b) Product crediting will be suspended.