The «Silk Way» program

 

Characteristics of terms of credit

Terms of credit

Target group

Export-oriented companies, second-tier banks for the subsequent crediting of export-oriented companies

Aim of the program

Financing of priority areas, in accordance with Appendix No. 1:

-        Fixed asset acquisition, including modernization of property;

-        CIW, including reconstruction;

-        Financing of working capital;

-        Refunding of the projects after launching*.

Currency of the loan:

Tenge

Source

Republican budget, UNPF

Loan amount

 

From 50,000,000 tenge up to 25% of the equity capital of the Corporation

 

Loan / credit line term

up to 120 months

Interest rate

For final borrowers:

- fixed assets acquisition, including modernization of facilities; Construction and installation works, including reconstruction; refinancing projects after launching of the project - 8% per annum (AERR - from 8% per annum);

- working capital financing  - 11.28% per annum (AERR - from 11.28% per annum).

          For STBs:

- fixed assets acquisition, including modernization of facilities; Construction and installation works, including reconstruction; refinancing projects after launching of the project - 4% per annum (AERR - from 4% per annum);

- working capital financing  - 7.28% per annum (HESA - from 7.28% per annum).

Repayment grace period  of PD and fee:

-    gardens – up to 36 months;

-    other directions - up to 24 months

Collateral

In accordance with the Collateral policy.

STB - without collateral, within the limit established by the decision of the Authorized Body.

 

* Refinancing projects are subject to the decision of the authorized body of the Corporation to provide a guarantee letter on subsequent refinancing, subject to compliance with technical parameters for the project, based on the conclusion of industry experts from the Corporation, as well as after receiving supporting documents for the launching of the implemented project.

 

 Appendix No. 1

Creation, expansion and modernization

Oil processing / oil extraction plants

Meat processing complexes

Poultry factory of meat direction

Feed mills

Pig-breeding farms

Fruit and vegetable stores

Greenhouse complexes

Development of commercial fish production

Establishment  of intensive gardens

 

  

 

 

Letter from the Kazakhstan Association of Appraisers

 

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