Accounting rate NBT

 for 25-04-2024



    • 11.3225
    • 13.3560
    • 0.1536

    • TJS
    • TJS
    • TJS

Group lending


Groups loans is a loan free of collateral for a short term period (from 3 to 12 months), directed at simplifying existing credit procedures, reducing loan cost for a potential borrower and providing access to funding sources to the population strata that does not have opportunity to provide liquid security. Its basis is a group guarantee. The loan is provided for a group of persons, who are guarantees for each other. The groups choose the members themselves; this kind of relationship helps to provide timely payment on the credit through joint security, reducing the bank costs on careful selection, analysis and monitoring of clients.
Loan risks at OJSC «Agroinvestbank», occurring at group loans, are minimized at the expense of joint security of the group members (articles 345-348 of the Civil Code of RT).
At group loans compliance with the following principles is mandatory:



Requirements to the members of the group loan

1. Client’s age:- from 18 to 62 years old;
2. Business:

  • Mainly in rural areas;
  • Linked with agriculture or individual business;
  • In the area of operation of OJSC «Agroinvestbank»;
  • Not contradicting legislation of the Republic of Tajikistan;

3. Citizenship and actual residence (registration and passport of RT) in the Republic of Tajikistan;
4. Not to have relationships with other members of the group (except cases, when close relatives live and carry out their activity separately, independent of each other);
5. Should not be part of other financial organizations;

Requirements to group loans

1. All members of the group loan should carry out similar activity with residence not far from each other – within one village, settlement or sub-district.
2. All group members, starting business should not exceed 30 % from the overall number of group.
3. A Group contract should be executed as of organization of the group between all the members of the group (a form of a Group Contract can be obtained from the Bank’s subdivision).
4. Number of members in the Group should be: - minimum 4 (four) members -maximum10 (ten) members

Currency

Somoni, USD, Russian roubles, Euro

Minimumamountperborrower

300 Somoni or equivalent in other currencies

Maximum amount of loan per one borrower

First phase to 2 000 Somoni or equivalent in other currencies; second phase to 3 000 Somoni or equivalent in other currencies; Third phase to 4 000 Somoni or equivalent in other currencies

Loan term

First phase– from 3 to10 months, Second and other phases– to 12 months

Interest rate

According to established norms by the Board of the Bank considering the target use of the resources.

Method of charging interests

Interests are charged at the balance of the loan’s amount

Feeforissuingloan

According to the current tariffs of OJSC «Agroinvestbank»

Repayment method

-monthly repayment by the method of annuity;
-monthly repayment by equal allotments;
-quarterly repayment (interest are repaid monthly).

Period of Grace

Only for group loans for agro-business; Maximum 50% from the overall loan term, but not more than 6 months;Only for the main debt on the loan.

Credit security

Joint security of group members

Documentation required for applying for the loan

1. Group Agreement of Group loan (this form can be obtained from the Bank’s subdivision);
2. Passport (all members of the group)
3. Tax identification number (only for the head)
4. Reference from the Sub-district (for each group member)

Parallelgroupcrediting

Not foreseen


To recurrent clients with perfect loan history, possible advantages are foreseen on the loan size and loan term, interest rate, credit security, method of loan repayment and interests.

Branches of the Bank

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33 Branches