According to the new provisions, microloans and leasing exceeding the established maximum amount may be granted to a single borrower or a group of related parties in an amount not exceeding 2% of the capital of the microcredit agency (MCA). This is possible in the following cases:
a) for starting a business, including the purchase of fixed and working capital to commence entrepreneurial activities or expand existing lines;
b) for the development of an existing business under one of the following conditions:
- implementation of new technologies to update processes;
- automation of business processes;
- creation of additional jobs;
- scaling of production.
When issuing microloans and leases mentioned in the first paragraph, certain conditions must be met:
1) The microcredit agency must have a developed financing policy that aligns with the goals of microfinancing, with a clear definition of products and a procedure for monitoring the use of funds;
2) It is mandatory to request credit reports on the borrower and, at the MCA's discretion, information about related parties (with their consent), from at least two credit bureaus;
3) Documentation confirming the borrower's solvency must be provided, such as rights to income-generating assets, salary certificates, patents, or tax decisions, as well as an assessment of solvency confirmed by a credit specialist's conclusion;
4) A business plan must also be submitted, clearly stating the objectives of using the loan with corresponding calculations and forecasts.
If the share of such loans in the microcredit agency's loan portfolio exceeds 70%, the specified restrictions do not apply. If the share is less than 70%, microloans up to 100,000 soms must account for at least 20% of the total loan portfolio.
