Loan GRP-2011 - Business Loan
Buy Back guarantee in case of borrower's payments delay for more than 15 days.
The loan has been issued by Latvian company to a Russian micro credit company for further expansion of consumer lending activities. This company is a legal entity, affiliated with an existing credit company and was established within the implementation of the plans for geographic expansion of the market of provision of microcredit services for individuals and offering consumers a new improved product in the market of St. Petersburg and Leningrad region and, further out, in other regions. For these purposes, a separate brand was developed and promoted in the market.
The loan has been issued within the framework of General Contract for the provision of funding. Each loan is issued based on a separate agreement. Loan currency is euro.