Revolving Credit Line

MLC, MFC, MLA, CU and commercial banks, with a credit history at MLC “Frontiers” of at least 1 (one) year

Increasing of loan portfolio of Finance Lending Institutions (FLIs)

5 (five) million KGS

• For FLI of the 1^st category by Frontiers’ assessment – up to 150% of the own equity of the FLI;
• For FLI of the 2^nd category by Frontiers’ assessment – up to 100% of the own equity of the FLI;
• For FLI of the 3^rd category by Frontiers’ assessment – up to 50% of the own equity of the FLI.

Regardless the category of the borrower, the total volume of debt on the main sum of the obtained loans cannot exceed 20% of the own equity of Frontiers.

Up to 5 years

• on individual basis;
• 15% annually of KfW program “Financial System Development Program in the Rural Areas”.

Depending on an environment of the financial market, interest rates can change during the action of a credit line.

• For FLI of the 1^st category by Frontiers’ assessment:
  – loan portfolio of the FLI covering 130% of the loan size;
  – in some cases loans can be issued without provision.
• For FLI of the 2^nd category by Frontiers’ assessment, at least two of following types of provision:
  – loan portfolio of the FLI covering 130% of the loan size;
  – guarantee(s) of key persons of FLI and/or founder(s);
  – assets owned by the FLI (office, real/personal estate, etc.);
  – provision in terms of the FLI and/or the company owned by the founders;
  – guarantees of the third parties.
• For FLI of the 3^rd category by Frontiers’ assessment, at least three of the following types of provision:
  – loan portfolio of the FLI covering 130% of the loan size;
  – guarantee(s) of key persons of FLI and/or founder(s);
  – assets owned by the FLI (office, real/personal estate, etc.);
  – provision in terms of the FLI and/or the company owned by the founders;
  – guarantees of the third parties.
• In some cases by the decision of Credit Committee of MLC “Frontiers” a real estate belonging to key persons and/or the founder(s) of FLI can act as provision on a loan.

Up to 10 (ten) tranches can be disbursed within a credit line.

For every single loan the separate loan application should be presented.

No more than 3 (three) sub-tranches within 2 (two) months from the moment of signing an additional agreement to the General Agreement.

0,1% of the credit line size (held at the disbursement of the first tranch)

0,9% of the tranch size (held at the disbursement of the first sub-tranch)

• In case of prior written notice not less than in 30 days prior to date of early repayment – 0%;
• Without prior written notice not less than in 30 days prior to date of early repayment – 2% of ahead of schedule repayable sum;
• In exceptional cases the Credit Committee of MLC “Frontiers” can make the decision on not collection of a payment for early repayment without prior written notice.

• Interest payments – monthly;
• The main sum of a tranch repayment is established by the Credit committee of Frontiers individually on the basis of FLI cash flows with a possibility of granting a grace period.

• The coefficient of adequacy of the capital of FLI has to make not less than 15%;
• The relation of obligations to the capital of FLI (leverage) has to be no more than 300%;
• Value of an indicator “A portfolio in risk more than 30 days + the restructured loans”:
  – for receiving the credit on standard conditions shouldn’t exceed 5% + 3%;
  – for receiving the credit on the terms of the project of KfW program “Financial System Development Program in the Rural Areas” shouldn’t exceed 5% + 2%.

• For opening a credit line – no more than 20 (twenty) working days;
• For disbursement of a tranche within a credit line – no more than 10 (ten) working days.