The Micro crediting program of the European Bank for the Reconstruction and Development is in the "Megabank" PLC

The European Bank of the Reconstruction and Development (the headquarters is in London) was established in 1991 year. The founders were 60 countries and 2 international organizations. The European Bank of the Reconstruction and Development main aim is the open market economy transfer process assistance and the private and entrepreneur initiative development in Central and Eastern Europe countries, exactly CIS.

The European Bank of the Reconstruction and Development realizes investment projects directing on the market economy and democracy formation in 27 Central Asia and Central Europe countries, helping inculcate the structural and sectoral reforms, developing the competition, privatization and business undertakings the present day.

The Ukrainian Micro crediting program was founded by the European Bank of the Reconstruction and Development and German-Ukrainian fund for the Ukrainian micro and small business development supporting, by the banking credit budgets access accordance by means of the Ukrainian banks passed special selection. The especial attention is paid to the business-groups not paid due attention from the banking bodies: entrepreneurs trading in the city markets, small manufacture, small firms working at the service sphere, as a rule, received the banking crediting refusal. The Ukrainian Micro crediting program helps in the micro and small enterprises business development special possibilities accordance by the financial investments receiving for the equipment modernization and the circulating assets replenishment.

The Ukrainian Micro crediting program relevant question is the micro crediting subdivisions structure improvement and adaptation for the small and middle business representatives needs. The given economy segment quickly develops. From the small enterprises increase demand on others financial instruments early associated just with large business. The others important aspect is the employer minimum time use for work with the bank. The progressive credit products allow to client to take money any time need.

The "Megabank" PLC inculcated the micro crediting procedures allowing easier receive the credit for entrepreneurs and enterprises in comparison with the standard procedures for the corporate clients. The Micro crediting program credit program procedure is very simple:

• the client-entrepreneur asks to credit expert and tells about the necessary credit at the bank department where the program is worked;
• to describe the its business and if he is satisfied the Program requirements to fill the credit receiving application standard form and to agree upon the financial analyses time installation at the enterprise (the business place);
• the client is necessary to show the own enterprise to credit expert and to give complete information confirming the solvency, existed assets and charges and to adjust with expert the mutually beneficial crediting conditions;
• the credit expert designate the optimal credit sum and the credit paying off schedule and to represent the project at the bank credit committee after the enterprise visiting and the additional information receiving;
• the credit is gave after the bank credit committee approval.

The "Megabank" PLC main credit products offering by the bank are the "Express-credit" and "Micro credit". Such credits payment procedures will take a most short time of the credits payment decision examination and issue. For example, the "Express-credit" receipt possibility appraisal the bank is needed about one day from the necessary documents receipt. The tem for the "Micro credit" will be longer because of the financial and juridical documents bigger quantity analysis.

The "Express-credit" sum can be formed to 15 thousands USA dollars or equivalent in UAH or Euro depending on the business condition. The client-entrepreneur has an opportunity to receive such credit without property deposit. The credit can be received at any form including cash.

The bank can propose to pass the debtor or the third person immovable’s and movables on the security including the property bought by the credit funds of the "Micro credits" return guarantee in the sum more than 15 thousands USA dollars. The mortgage property cost by the bank valuation should exceed the credit sum in 1,1 times.

The crediting boundary term is depended on the credit end use. If money is used for the circulating assets for the goods or materials purchase, for example, the term will be till 24 months and the equipment or the immovable property term will be till 60 months.

The bank can propose to juridical or natural person the guarantee registration by the credit committee decision. Especially it is concerned the cases when the debtor and guarantor make common and have common income source.

As a result of the standard procedures and more loyal conditions to the mortgage property credit repayment guaranteeing such credits have heightened risk level reflecting on the credits cost. The bank doesn’t realize the opaque credit schemes with monthly commission or for the credit reschedule repayment.

The client can easy calculate the credit use total expenses, It is necessary to add that the client-entrepreneur always has an alternative. Instead of the "Express-credit" without the deposit to receive the credit on the moveable or immovable property deposit and to use the credit for the proper business conducting. Such credits percentage rates are greatly lower than the "Express-credit" quick credits, but the entrepreneur is necessary to evaluate the monetary and the temporary expenses. The money are promptly necessary, but the mortgage registration time is needed a week at best. When it is necessary to register the treatment quickly or to import the goods consignment or the equipment is necessary promptly repaid "Express-credit" is irreplaceable credit. Sometimes the trade putlet or equipment one day idle time costs more expensive than the "Express-credit" use sum.

To receive the "Express-credit" is necessary to let have to the bank the documents minimum list. There is passport, ID, The client should remember that the bank takes into consideration the business specific and its stability as against of the consumer crediting. The potential debtor should be ready for subject discussion with the credit expert with can be financial consultants for your business.

We are ready for the mutually beneficial cooperation with our clients.

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