Micro-lending

Documents to be submitted for the consideration of the loan application:

• Application signed by the borrower indicating the purpose, duration, interest and the collateral to be provided;
• Copies of the Constituent documents of the borrower and certificates of state registration, and copies of the document should be obtained from the legal documents of the borrower by the Responsible Credit Officer;

• Business plan with the indication of the forecast of cash receipts (cash flow) to the bank account of the borrower;
• If the person is a representative of the debtor, a document confirming the right to sign a loan agreement on behalf of the debtor, and a copy of signatures;
• Financial statements prepared in accordance with Accepted Accounting Standards and signed by the debtor at the last reporting date, including balance sheet and income and cash flow reports;
• Documents related to the collateral for requested credit;

• Contracts for the purchase and sale of goods (works and services);
• Consent of the founders of a legal entity requesting a loan to obtain a loan or to pledge the property of legal entities that pledge their property;
• Other documents related to the lending process if necessary.

When a credit application is issued for the purpose of construction, real estate reconstruction or capital repair, the following additional documents must be attached:

• Allocation of land plot for construction (permission of the authorities to construction);
• Project-estimate documents;
• State architecture construction supervision permit;
• Independent expert commission and conclusions of environmental expertise;
• Contract on insurance of construction risks;
• Contract between the general contractor and the customer

If a third-party guarantee is provided as a loan collateral, the following additional documents is provided:

• guarantor organization's constituent documents, financial statements and copies of the auditor's conclusion confirming the satisfactory Financial Conduct;
• documents confirming the right of the person to sign the contract (obligation) on behalf of the guarantor (Samples of signatures card, etc.);
• certificate issued by the bank about the financial status of the guarantor account (availability of funds in the account), debts on the payments and on loans;
• document on the consent of the founders of the guarantor to give a guarantee.