The
primary purpose of this type of financing program is to provide
financial assistance and alternative for development projects in
emerging economics suffering from severe capital limitations and
resources, and therefore unqualified for traditional institutional
lending. The scope of assistance the program offers ranges from business
and feasibility study services, venture capital development, project
management expertise, and low interest project loans under this program.
The
program seeks to introduce proven business technologies and methods of
capital formation into these economic environments to support growth,
foster the creation of jobs, and to stimulate the production and export
of locally manufactured goods and services. Projects will also be
qualified for offset credits mandated by governments for foreign
investment, and supported by countertrade and barter transactions to
facilitate the profitability and success of the project.
Currently
there exists a lack of institutional and venture capital funding for the
development of infrastructure and industry in many areas of the world.
In particular, this applies to regions where there is a lack of
assistance at government level, or local capital resources where the
financial environment is not conductive to direct foreign investment by
world banking institutions. This financing program is a collection of
programs and services developed specifically to address this need
through creative international business development strategies and the
application of advanced financial technologies in order to provide new
alternatives for an age old problem.
Loans
approved are made on a limited resource basis providing the applicant is
qualified and the project satisfies the economic development criteria as
follows:
The first
criteria for acceptance require that the project make a measurable
contribution towards the development of the local economic environment
through the creation of jobs and industry. Project owners will be asked
to provide specific information indicating the qualification of their
project’s ability to make this contribution.
The
second criteria for acceptance require that the business plan reflect
realistic cost projections, quality and experience of management and a
practical plan for implementation.
This
financing program is available to provide up to 100% financing for
projects in developing countries which do not qualify for traditional
lending due to the collateral or other security requirements of
conventional lending institutions.
The
project ideally should be located in one of the following regions of the
world; the Baltic Region, Eastern Europe, Russia, CIS, Central Asia,
South East Asia, Pacific Rim, South America, Middle East and Africa.
Preference will be given to projects which fall into one of the
following standard industry categories; Power, Energy, Agriculture,
Construction, Infrastructure, Environmental and Products Manufacturing.
All
financing offered will be with a grace period varying between 1 year and
4 years depending on the project type. Repayment shall begin in the year
immediately following the grace period and shall continue in accordance
with the loan agreement.
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