Microloan “Biznes imkon”

Key Terms and Conditions of the “Biznes imkon” (“Business opportunity”) Microloan Product

No.

Indicators

Key Terms and Conditions

1

Loan Purpose

Disbursed within the framework of the “Biznesga birinchi qadam” (“First Step to Business”) project for projects in the areas of cultivation, processing, storage, and packaging of agricultural products.

2

Interest Rate

At a rate of the Central Bank's policy rate + 4%

3

Loan Amount

10 – 25 million UZS

4

Loan Term

From 3 to 60 months (without a grace period)

5

Loan Security

Surety of a third party or an insurance policy against the risk of non-repayment of the loan (in this case, the insurance premium is paid by the client)

6

Loan Disbursement

Processed via web service, disbursed by transferring funds to a bank card issued by JSC “Aloqabank” in the borrower's name

8

Loan Repayment

Differentiated payments

9

Who is Eligible?

Disbursed to self-employed individuals

10

Additional Conditions

A positive recommendation shall be obtained from the chairperson at the borrower’s place of business. The recommendation should provide a profile of the individual and confirm the feasibility of the loan issuance."

For assigned makhallas, an on-site project assessment is performed in cooperation with the “Makhalla Banker” and “Makhalla Agent”, followed by the issuance of a standardized inspection report.