Microloan “Biznesga birinchi qadam-3”

No.

Parameters

Key Terms and Conditions

1

Microloan Purpose

Acquisition of passenger and freight motor vehicles from domestic manufacturers in Uzbekistan within the framework of the “First Step to Business” project.

2

Interest Rate

23,5% per annum

3

Microloan Amount

Up to 100 million UZS

4

Borrower's Participation in Project

A down payment of at least 25% of the purchase price of the motor vehicle is required.

5

Microloan Term

Up to 60 months (no grace period)

6

Microloan Security

The purchased motor vehicle shall serve as collateral for the loan. Until the vehicle is formally pledged, a Non-Payment Insurance Policy shall be provided.

8

Disbursement Method

Transfer of funds to the account of the manufacturer or supplier based on a sales and purchase agreement.

9

Repayment Method

Differential payment

10

Eligible Borrowers

Self-employed individuals paid the social tax.