Credit product

"Family"

"Agro"

" Micro Business "

Interest rate

49.9% yearly

Additional interest for using credit

2% of the loan amount

1% of the loan amount

Currency

manat

Term

from 3 to 24 months

from 3 to 18 months

from 3 to 24 months

Amount

From 200 to 3000 manat

Security

Ø         If the amount is from 200 to 1,000 manat (inclusive), they are issued without a guarantee and without the consent of a family member;

Ø         If the amount is from 1,001 to 2,000 manats , they are issued without a guarantee, but the written consent of one family member to receive a loan is required (at the request of the loan officer a guarantor may be involved);

Ø         When the amount is from 2,001 to 3,000 manat , 1 (one) guarantor or bail is issued on bail.

Loan purpose

Loans are issued for consumer purposes.

Loans are issued for the following business purposes:

                                    1.        Buying livestock;

                                    2.        Buying feed for livestock;

                                    3.        Land preparation for sowing;

                                    4.        Harvesting;

                                    5.        Purchase of fertilizers;

                                    6.        Other goals.

Loans are issued for the following business objectives:

                               1.        Increase working capital;

                               2.        Purchase of fixed assets;

                               3.        Repair and construction of fixed assets;

                               4.        Expansion of existing business activities;

                               5.        Business creation

Actual Annual Interest Rate (FİFD)

From 50,75 %

From 51,1%

From 49,53%