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Attention to international and local investors
According to presidential decree of the Republic of Uzbekistan on 03.05.2017 No.PD-5032, were created a free economic zone “Zamin-farm” in the Jizakh region.
By the Decree of the President of the Republic of Uzbekistan dated August 7, 2017 No. PP-3175 “On Measures to Strengthen Coordination and Enhance Responsibility of the Ministry, Agencies, and Local Government Bodies for the Effective Functioning of Free Economic Zones”, the Stock Commercial Bank “Microcreditbank” is responsible for the free economic zone "Zamin-farm".
In order to actively attract local and foreign investments in the development of pharmaceutical activities in the Republic, all the necessary conditions have been created, and taking into account the cultivation of rare herbal medicines in the Zamin area, the Stock Commercial Bank “Microcreditbank” is suggest to invest in this area, in the free economic zone "Zamin-farm".
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Project for the production of knitted fabrics and sewing products |
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| Total project amount: | 1,23 million of US dollars |
| Own funds: | 0,64 million of US dollars |
| Loan (credit): | 0,60 million of US dollars |
| Purpose: | The aim of the project is to expand the production of knitted fabric and sewing products |
| Project payback period: | 4 years |
| Created jobs: | 75 work places |
Information on the credit line of the International Fund for Agricultural Development (IFAD) Microcreditbank
| I. Information on credit lines of international financial institutions (IFI) | ||||
| Date and number of the Agreement | 19.04.2017¹2000000714 | |||
| Date and number of the Government Decree on the basis of which the Agreement was signed | 22.02.2017 ¹PD-2795 | |||
| Government guarantee | Government guarantees | |||
| Loan Agreement Amount | 3,300,000 USD (2,349,590 SDR) | |||
| MFI interestrate | In US dollars 1.90% | |||
| Last date of the credit line | 2017-2037 years | |||
| Credit Line Industry | The development of the value chain in the dairy sector of Uzbekistan | |||
| Purpose of using credit line | Issuance of loans for dairy sector development projects | |||
| II. Information on foreign lines of credit and on grants to private entrepreneurship and small business | ||||
| The minimum and maximum amount for each loan financed | - dekhkan farms for the purchase of high productive breeding cattle and equipment (portable milking machines, grain mills, other equipment for the production of feed, etc.) up to 10,000 US dollars; - to farmers, for the purchase of fodder harvesting equipment (combines and other equipment for collecting and processing feed), specialized transport for the transportation of milk and dairy products, cooling tanks, milking equipment, improved cattle breeds, etc. up to US $ 100,000; -suppliers of means of production and services for the creation / modernization of veterinary and zootechnical services as well as the preparation of feed and fodder (for one-thumb-borrower) for veterinary medicine — up to US $ 10,000 and up to US $ 100,000 for the production of feed and other means) - processors of dairy products for the purchase and modernization of technological equipment, packaging lines of dairy products of refrigeration chambers, working capital replenishment, etc. (persub-borrowerupto $ 250,000) |
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| Annual interest rate paid by the client to the bank for the allocated loan | In USD 2.65% + bank margin | |||
| Grace period for the project | For short-term loans up to 6 months For long-term loans up to 1 years |
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| Share of participation in the project of subjects of private entrepreneurship and small business | At least 20% of the project amount | |||
| Information about the existing credit line of China Eximbank for financing investment projects | ||||
| Creditor | Eximbank of China through the National Bank of Foreign Economic Activity of the Republic of Uzbekistan | |||
| Field of credit line utilization | Development of small and private entrepreneurship | |||
| Purpose of using credit line | At least 50% of the Sub-loan amount for project financing should be directed to the purchase of equipment, technologies, etc. from the People's Republic of China | |||
| Total amount of credit line | 10 000 000,0 $ | |||
| Maximum loan term on this line | Up to 5 years | |||
| Grace period for the project | Up to 24 months | |||
| Annual interest rate paid by the client to the bank for the allocated loan | 6 months. Libor + 3.5% (foreign bank and NBU margin) + Microcreditbank margin (4-5%) | |||
| Commission for management | 1.0% of the loan amount (one-time payment) | |||
| Commitmentfee | 0.3% of the amount of the loan balance. This commission will be paid on the day interest is paid. | |||
| Frequencyofpayments | Semi-annualpayments | |||
| Prepaymentfee | 2% ofthepaymentamount | |||
| Loanrepayment | Credit funds are repaid in foreign currency or in national currency by converting | |||
Currency rates
Updated on 13.11.2019
| Buy | Sell | CB | |
|---|---|---|---|
| USD | 9440.00 | 9530.00 | 9490.27 |
| EUR | 10200.00 | 10700.00 | 10455.03 |
| GBR | 12000.00 | 12500.00 | 12119.71 |
| JPY | 85.00 | 90.00 | 86.86 |
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