FAF-DC’s
target group is micro, small and medium
sized enterprises (MSME’s). FAF-DC
does not
provide consumer loans and all its
outstanding loans are business loans
only.
The credit
services include loans for investments
and loans for working capital.
Further
details can be seen from the below
table:
Maximum loan size
Normal maximum loan size is LEK
20 million (USD 200,000).Larger
loans may be accepted in special
cases.
Minimum loan size
LEK 50,000 (USD 500)
Maximum repayment period
Normal maximum repayment period
is 5 years. In special cases
repayment periods at 7 years may
be accepted.
Collateral arrangements a)
All
projects which are to be
financed by FAF-DC must be
thoroughly appraised and must,
to be eligible for financing, be
commercially viable without
subsidies or other privileges.
The borrowers must provide
collateral, which should be
valued at at least 1.5 times the
size of the loan.
a) All FAF-DC’s outstanding loans are
secured as described.
FAF-DC’s credit activity, inclusive of
the appraisal of the individual
projects, is based on established
policies and guidelines which includes
all relevant aspects and which are in
line with international standards for
similar institutions. The present credit
policy guidelines were approved by BoS
on 13th January 2009 and the
Credit Manual was approved by BoS on 15th
January 2009.
FAF-DC is using Albanian Accounting and
Reporting Standards which is in wide
compliance with International Accounting
and Reporting Standards.
PRODUCTS - CREDIT SERVICES