Credits

«Mahalla prosperity» Microloan

24% per annum

Interest rate

up to 60 months

Credit term

up to 50 mln soums

Loan amount

General terms

Loan target

Financing of self-employment activities, including projects aimed at poverty reduction.

Loan currency

Sum

Loan amount

up to 50 mln soums

Interest rate

24% per annum

Credit term

up to 60 months

Loan processing method

Bank branch

Form of issue

Non-cash

Collateral

- Liquidity collateral in an amount of at least 125 percent of the microcredit amount meeting the bank's requirements. - Provision for microcredits allocated to persons related to the bank must be at least 130 percent of the microcredit amount.

Grace period

yes (up to 6 months)

Repayment method

Differentiated, Annuity

Frequency of payments

Monthly

Borrower requirements

A) Microloans are allocated to citizens residing in the territory where the Operations Department of "Asia Alliance Bank" / RBSO and its structural subdivisions (BSC) are located, for the development of entrepreneurial activity;
B) The individual net income of the Borrower/Co-borrower must be at least 6 times the Base Calculation Value (BCV). C) The total outstanding debt, including all microloan balances of the borrower in this and other banks, must not exceed 100 mln UZS.

Loan Provision Order

Transfer of funds to the borrower's plastic card opened at JSCB "Asia Alliance Bank"

Required Documents

A) Identity document (passport, ID card, residence permit, etc.);
B) documents ensuring the repayment of the loan;
C) Self-employment certificate;
D) Document (or certificate) confirming the payment of social tax;
E) An approved positive recommendation from the relevant hokim's assistant for micro-loan allocation is required. F) Report of the independent appraisal organization on the valuation of collateral (when allocating a loan against collateral);
G) Preliminary monitoring report of the pledged property, drawn up by the Bank's responsible employees, with photographs of the property (when allocating a loan against the pledge of property)

Loan Service Fee

None

Additional Conditions

- Allocated to citizens residing in the territory where the Operations Department/ROBU and its subdivisions (BOD) of JSCB "Asia Alliance Bank" are located for entrepreneurship development;
- The total debt balance, taking into account the balance of all microloans available to the borrower in banks and other banks, must not exceed 100 million soums;
- The debt burden indicator of the Borrower/Co-borrower/Guarantor must not exceed 50%;
- Debt-to-income ratio must not exceed 8 times;
- When providing a micro-loan on the terms of a guarantee, the scoring score shall be set at 490 points;
- The credit history for the last 3 years obtained from credit bureaus must be positive. At the same time - 30+ Up to 10 is permitted;
60+ Up to 5 is permitted;
90+ is not allowed.

Early repayment

Early repayment may be made at any time, either in full or in part.

Microloan «Mahalla prosperity» is a convenient solution for individuals to start their own business.

The loan is intended to finance independent entrepreneurial activity, including projects aimed at poverty reduction, creation of wide opportunities for profitable business through family entrepreneurship, support of proven clients and bringing them to the level of small and medium business, expansion of business with the participation of active entrepreneurs, radical reform of the activities of socially vulnerable mahallas, formation of the necessary infrastructure for entrepreneurial activity.