Credit “AGRO”

Credit "Agro"

The AGRO loan program is a small group or individual loan secured by property and guarantors to individuals and legal entities, which allows one borrower to issue a small loan as part of a group or individual obligation for agriculture (crop production, horticulture, etc) take.

Individual and group microcredit

1. Loan currency

2. Form of financing

Somoni, US dollars and other currencies

Cash and non-cash payment

3. Interest on microloans

The first level – in national currency from 12% to 32%, in foreign currency from 12% to 28% per annum.

The second level is denominated in national currency from 12% to 30%, in foreign currency from 12% to 26% per annum.

The next steps are in national currency from 12% to 30%, in foreign currency from 12% to 26% per annum.

4. The amount of micro-debts within the Group of solidary obligations (to each member of the group) and individuals

a) First stage:

— in national currency from 500 to 8000 somoni in foreign currency from 100 to 800 US dollars.

b) the second stage.

— in national currency up to 12,000 somoni in foreign currency up to 1,200 US dollars.

c) Third and subsequent stages

— in national currency up to 15,000 somoni in foreign currency up to 1,500 US dollars

5. Loan amount to individuals

a) First stage:

— in national currency up to 80,000 somoni in foreign currency up to 8,000 US dollars.

b) the second stage.

— in national currency up to 160,000 somoni in foreign currency up to 16,000 US dollars.

c) Third and subsequent stages

— in national currency up to 240,000 somoni in foreign currency up to 24,000 US dollars.

6. Amount of debt to legal entities

– in national currency up to 300,000 somoni and in foreign currency in the amount of up to 30,000 US dollars.

7. Loan term

from 1 to 36 months:

8. One-time administrative interest for granting a loan

It won’t stop

9. Loan repayment and interest

Annuity (monthly, in equal shares with interest) Monthly payment of interest upon repayment of the principal debt as agreed with the borrower, in case of a grace period (no more than 10 months), the principal debt is accrued according to the payment plan, and interest is accrued monthly on the balance of the principal debt is accrued.

10. In case of early repayment of the loan

The borrower is not charged a penalty; the borrower must notify the organization in writing of the early repayment of the loan 5 working days in advance.

11. Loan security

Credit amount:

— from 500 somoni to 5000 somoni or equivalent in foreign currency:

– a guarantee of one or two individuals with income by submitting supporting documents (except for persons who have joint property with the borrower).

Credit amount:

— from 5,000 somoni to 20,000 somoni or equivalent in foreign currency:

– a guarantee of two individuals who have income with the presentation of supporting documents. (except for those who own property jointly with the borrower)

Credit amount:

— in national currency from 20,000 somoni to 250,000 somoni; or equivalent in foreign currency;

3. Movable or immovable property, working capital, equipment, vehicles, deposits of gold items, guarantees, etc.

Note; In the case of a good credit history or gaining the trust of the organization, in addition to the decision of the credit committee of the head, clients are provided with discounts on collateral and guarantors.

12. Deadline for consideration of the application

up to five working days after the registration of the loan application.

13. Exceptions:

Exceptions to Part 11: In the absence of a certificate of employment or documents confirming income, it is recommended to draw up a pledge agreement for the property of the farmer or other pledged property.
The loan amount may, with the consent of the credit committee, exceed the requirements of parts 4 and 5.

14. Requirements for group members and individual borrowers:

The borrower must be a citizen of the Republic of Tajikistan and have a permanent registration;
The owner of a permanent source of income by submitting supporting documents;
The age of borrowers is from 18 to 65 years old at the time of loan repayment for men and for women from 18 to 65 years old at the time of loan repayment;
In the case of full provision of the loan amount with jewelry, as well as funds in savings accounts, the age of clients may exceed the maximum, the client’s credit file is submitted to the credit committee of the head for a decision and approval;

Have in use a presidential, dekhkan farm or a land lease agreement;
The composition of the joint responsibility group must be at least 3 people and not more than 12 people. Groups or persons exceeding this requirement are divided into two groups;
Absence of debts or obligations to other credit institutions;
Certificate of residence (at the request of a loan officer);

15. Requirements for guarantors:

Be citizens of the Republic of Tajikistan and have permanent registration on the territory of the Republic;
The age of borrowers is from 18 to 65 years old at the time of loan repayment for men and for women from 18 to 65 years old at the time of loan repayment;
Have a permanent job or permanent income, whose income and property are equal to the total amount of the loan for which they are the guarantor;
Does not live with the borrower (parents, sons and daughters or spouse);
Was not a debtor or guarantor of any credit institution;
Certificate of residence (at the request of a loan officer).

16. Documents required for the Borrower:

Passport (copy of passport) and copy of TIN;
Certificate of residence and family composition; (for borrowers mortgaging their homes).
Application – an application for a loan.
Land certificate or any document confirming the use of land (lease agreement, etc.) or land near the yard.
documents confirming the ownership of the pledged property, the consent of family members who have reached the age of majority.

Income certificate Other documents confirming the income of the borrower’s family for the last 6 or 12 months;

Consent of the spouse of the borrower (if he is married or has a mortgage).
Passport (copy of passport) and copy of TIN;
Certificate of residence and family composition; (for borrowers mortgaging their homes).
Income certificate Other documents confirming the income of the borrower’s family for the last 6 or 12 months;
Application – an application for a loan.
Land certificate or any document confirming the use of land (lease agreement, etc.) or land near the yard.
documents confirming the ownership of the pledged property, the consent of family members who have reached the age of majority.
Consent of the spouse of the borrower (if he is married or has a mortgage).

17. Warranty documents:

Copy of passport and copy of TIN;
Statement of income for the last 6 months, other documents confirming the solvency of the guarantor;

18. Optional:

The loan is granted based on the applicant’s annual income and other income in the amount of 60% of the applicant’s total income.
At the request of the borrower and the proposal of the loan officer, the borrower is granted a grace period.
When pledging gold jewelry or movable and immovable property, a loan is issued to the Borrower after registration of the pledged property in accordance with the requirements and norms of the organization and the current legislation of the Republic of Tajikistan.

After a positive decision of the credit committee, a loan agreement, a mortgage agreement or a surety agreement is concluded and the loan is issued to the client on demand.