Main  |  Credits  |  Lending criteria

Eligibility requirements.  To participate in the Frontiers Credit Program, Financial Institutions must meet the eligibility requirements outlined below. 

1. Have all the legal documents in place to conduct lending operations;
2. Be registered with credit bureau (if available) and actively use its services; 
3. Have lending experience of six (6) months. Exceptions can be made on a case-by-case basis;
4. The total capital of the company should make up no less than KGS 1 million.
5. Have a 3-year business plan with clear description of future development of the company and detailed description of the purpose for the proceeds from Frontiers;
6. Have Portfolio at Risk over 30 days (PAR>30), which does not include restructured loans, less than 5%. Portfolio at Risk (PAR>30) including restructured loans should not be higher than 8%;
7. Have adequate office and a reliable means of communication (e.g. telephones, FAX and ideally, efficient e-mail capacity);
8. Shall be prepared to provide adequate collateral sufficient to ensure completion of liability against the loan;
9. Should apply high ethical standards in relation to its clients by using transparent pricing policy, providing financial products with precise and clear conditions, preventing overindebtness and by applying non-agressive and non-abusive collection practices.