Financing of costs for renovating old orchards and establishing industrial orchards

№

Indicators

Main Terms

1

Loan period

Up to 84 months

2

Grace period (on principal)

Up to 36 months

3

Interest rate

14,0%

4

Loan amount

Up to UZS 120,0 mln per hectare.

5

Loan purpose

Renovation of old orchards and establishment of industrial orchards based on orchard establishment documents.

6

Loan disbursement form

Loan funds are disbursed by transferring funds to the seller’s account based on a sale and purchase agreement.

7

Currency type

Disbursed in the national currency – UZS.

8

Source of financing

At the expense of the funds of the Ministry of Economy and Finance of the Republic of Uzbekistan.

* Loan funds are disbursed after the master agreement is signed with the Ministry of Economy and Finance of the Republic of Uzbekistan and the resource funds are attracted.

9

Users of services

Corporate customers, small and medium business entities.

10

Loan security

- Lease right to a land plot at market value
(Provided that the lease agreement does not prohibit pledging, the lessee (land owner) is entitled to pledge the lease right without coordination with the khokimiyat and other state bodies)
- Deposit
- Motor vehicles
- Immovable property

A third-party surety may be provided as security enhancement.

11

Documents required

- Application
- Business plan
- Financial statements
- Constituent documents (Certificate, Regulations, Deed of Incorporation)
- Founders’ consent to raise a loan and to pledge collateral
- Other necessary documents