Main / Оптовые кредиты для МФО и ФКУ / Wholesale Loan
Wholesale Loan
Target group |
MLC, MFC, MLA, CU and commercial banks
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Loan purpose: |
Increasing of loan portfolio of Finance Lending Institutions (FLIs)
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Minimum loan size: |
1 (one) million KGS
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Maximum credit exposure for one client |
- For FLI of the 1st category by Frontiers’ assessment – up to 150% of the own equity of the FLI;
- For FLI of the 2nd category by Frontiers’ assessment – up to 100% of the own equity of the FLI;
- For FLI of the 3rd 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.
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Loan term |
- Up to 36 months.
- Not more than 24 months for the third category FLIs
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Interest rate |
- 16-17% annually on standard conditions;
- 15% annually of KfW program “Financial System Development Program in the Rural Areas”.
*Set by the Credit Committee depending on the FO’s credit history and Frontiers pricing policy
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Provision |
For the first category FLIs:
- Loan portfolio;
- In certain cases loans may be issued without collateral.
For the second category FLIs: Collateralize the loan, at a minimum, by two types of security listed below:
- Loan portfolio;
- Guarantee from key persons, and/or founder(s);
- FO’s assets (office, real estate and so forth), if available.
- Third party guarantees.
- In certain cases, according to the Credit Committee decision, also the real estate of key persons.
For the third category FLIs: Collateralize the loan, at a minimum, by three types of security listed below:
- Loan portfolio;
- Guarantee of key persons and/or founder(s);
- Real estate belonging to the company, and/or key persons/founders, or third party legal entities;
- Third party guarantees.
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.
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Loan issuance procedure |
No more than 3 (three) tranches within two months from the moment of signing of a loan agreement.
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Payment for consideration of the application and issuance of a loan |
1% of the loan size (held at the disbursement of the 1st tranche)
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Payment for early repayment |
- 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.
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Covenants |
- The capital adequacy ratio of a company should be at least 15%;
- The leverage should be no more than 300%;
- The value of the indicator “Portfolio at risk for more than 30 days + restructured loans”:
- to receive a loan under standard conditions, it should not exceed 5% + 3%;
- to receive a loan under the KfW project “Program for the Development of the Financial System in Rural Regions” should not exceed 5% + 2%.
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The term of consideration of the application |
- For new clients – no more than 20 (twenty) working days;
- For repeated clients – no more than 10 (ten) working days.
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