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Information on credit line for “Development of fruits and vegetables production in the Republic of Uzbekistan” project with participation of the World Bank, JSCB Turon Bank

 

No.

Questions

Conditions

1.

Purpose of directing credit line funds

Financing a wide range of activities related to agriculture:

Financing agricultural production (production capacity), greenhouses,

Investments in agricultural machinery and equipment for food processing,

Investment in storage, packaging, in provision of agricultural services,

Cultivation of crops.

2.

Minimum and maximum amount for each financed loan

On investment capital or on leasing financing – does not exceed 2 million USD;

For working capital of up to 0.2 million USD (or their equivalent in UZS).

3.

Loan term

On investment capital or on leasing financing – 10 years;

For working capital – 1.5 years

4.

Annual interest rate on the loan

In foreign currency – 3%+bank margin in national currency – 4.5%+bank margin

5.

Grace period

On investment capital or on leasing financing – up to 36 months;

For working capital – up to 9 months

6.

Bank commission

Not provided

7.

Borrower’s share in project financing

20%

8.

List of countries from which equipment is purchased through a loan

No restrictions

9.

Others

Eligible regions include eight regions of the country: the Republic of Karakalpakstan and Andijan, Jizzakh, Khorezm, Namangan, Kashkadarya, Samarkand, Tashkent, Fergana regions