International activity

Indicators

Indicators

Credit Line Directions

- Small and medium business enterprises with less than 250 employees;

- State-registered individual entrepreneurs for the following activities:

- Investment in fixed assets

- Investment in working capital

The purpose of the line of credit

- Financing projects of small and medium business enterprises,

- At least 30% of the EIB credit line should be directed to the financing of women's entrepreneurship according to the EIB criteria

(in the event that the limit allocated to women entrepreneurs is not used, the participating commercial banks, in agreement with the EIB, will be given the right to redistribute unused funds to finance other borrowers in the third year of the project;

Prohibited directions

- Financing of real estate transactions;

- projects related to exploration, extraction, storage and distribution of oil and gas products;

- production and distribution of tobacco, weapons;

- organization of gambling games.

Maximum and minimum value of the credit line

Maximum equivalent of 25 million euros for 1 borrower.

Maximum equivalent of 12.5 million euros for 1 loan.

Funding currency

USD

Financing period

The term of the credit line is 15 years

Long-term credit to customers - according to TIA, but for a period of not less than 2 years

Interest rate

Funds are determined when disbursement from the EIB.

- the interest rate is determined separately for each tranche + the margin of the Ministry of Finance (50 percent of the interest rate set for the tranche) + the margin of the participating bank.

Grace period

5 years

The procedure for issuing a credit line

The main coordinating body - the Entrepreneurship Development Agency under the Ministry of Economic Development and Poverty Reduction of the Republic of Uzbekistan, submits a questionnaire to the EIB based on the proposals given by the banks participating in the project;

At least 2 million euros once every month. equivalently. funds can be withdrawn from the EIB;

The received loan funds are distributed to commercial banks by the Main Coordinating Body.

Borrower's share in project financing

100% foreign contract financing by EIB

Geographic restrictions

There are no geographical restrictions;

Project implementation area

All regions of the Republic of Uzbekistan