A program destined to the Small and Medium Industry

OBJECT

A program destined to the finance the identification of investment needs, expansion, recovery, enlargement, industrial reconversion, acquisition of fixed assets and working capital destined to the Small and Medium Industry, under the Natural or Legal Person figure that develops commodity transformation activities in supplies, elaborated or semi elaborated industrial goods. Likewise the enterprises that give services to the industry will also be considered.

CREDIT'S DESTINY

FIXED ASSETS

• Construction or Acquisition of Industrial Business or Shed.
• Machineries and Equipments.
• Enlargement and improvements of the Industrial Plant.
• Structure and Machineries and Equipments Installation and Assembly.
• Cargo Transportation (with 2,500 to 4,500 Kg capacity), and all the required for the Industry and connected services. The following accessories can also be financed: Cellars, Platform, Railings or Stakes, Refrigerating Unit. The insurance for the vehicle can also be financed during the first year of the financing.
• Passenger Transportation Unit for tourist development.

WORKING CAPITAL (Up to three months of operations)

• Commodity.
• Salaries and corporate agreement advances. .
• Operating Expenses.
• AReal estate Rental, if it was the case.
• Intangible (investment needs, formulation of projects, industrial diagnosis, among others).

MONTO A FINANCIAR

• According to the project's viability and technical, economical, financial and social evaluation.

INTEREST RATE

• From 6% to 9% annual, payable at the end of a period

FINANCING TIME LIMIT

• Up to eight (08) years for Fixed Assets and up to a (01) year of grace period. In demonstrable and exceptional cases, the grace period will be extended to one (1) more year.
• Up to three (03) years for working capital and up to six (06) months of grace period. In demonstrable and exceptional cases, the grace period will be extended for up to six (6) more months.

Cargo Transportation

• Up to five (5) years, including up to three (3) months of grace period. In demonstrable and exceptional cases, the grace period will be extended for up to three (3) more months.

Nota: El plazo del financiamiento empieza a transcurrir después de culminar el período de muerto

GUARANTEES REQUIRED

GUARANTEE INDEX 1:1

Any of the following guarantees: :

• First degree Real Estate Mortgage, legible and properly registered Real Estate Title Deed (the one offered in guarantee). Obligation Certificate with less than six (6) months of being issued.
• Copy of the identity card of the Real Estate's owner. In case of being married, a copy of the spouse's identity card should be presented.
• Property Decree.
• Guarantee of the Machineries and Equipment that belong to the enterprise or that are going to be acquired. When the machineries are property of the applicant, enclose the Affidavit or Invoice.
• In case of a cargo and tourist truck domain reserve in favor of INAPYMI.

In case of not having enough guarantees, the applicant will be able to constitute:

• Natural Person: Bail from a third person
• Cooperatives: Supportive bail of all the associates and/or a bail from a third person.
• PYMI: Supportive bail of the shareholders and/or a bail from a third person.

Likewise bails of a Reciprocal Guarantees Society will be accepted.

GENERAL CONDITIONS

• The Beneficiary agrees to hire and maintain during the financing period an all risk insurance policy that protect the properties that are in guarantee to INAPYMI.
• The enterprises' guarantees registration expenses must be paid by the beneficiaries.
• During the financing, the PYMI or Cooperative must present to INAPYMI their Financial Statements at the end of each fiscal year. Its breach gives the Institute the right to consider the time limit of the credit expired.
• The breach of the Project's Investment Plan will give INAPYMI the right to finish the Credit Contract and to require the total refund of the money lent.
• INAPYMI's respective regional dependence will not send credits requests without having all the documents required.
• The PYMI and Cooperative beneficiaries of this program agree to carry out a social contribution such as: Products, Services or money. This contribution will be at least 10% of its net utility in each fiscal year, during the credit. The contribution should be guaranteed for by the Communal Counsel of the sector where it is located. If it doesn't exist, the contribution will be guaranteed for by the zone's Local Public Planning Counsel or by the Neighbors Association. In case of breach of this stipulation, INAPYMI will be able to consider the obligation as expired and consequently require the beneficiary to payment the debt.
• The project should guarantee the environment's protection and security in optimum conditions, in the development of its productive activities, stimulating the incorporation of socially appropriate and clean technologies that reduce the negative environmental impact and the contamination in its processes

Cargo and Tourist Transportation special conditions:

• The beneficiary agrees to use the vehicle in the development of the activity indicated in his request, in a direct and personal way. Consequently, during the credit's force, he will not be able to subcontract; lease or another agreement that imply any benefit for the beneficiary or the credit will be revoked.
• The beneficiary agrees to maintain the property offered in guarantee insured, during the financing's validity. The breach of this stipulation will make exactable the total obligation as of time limit expired.

The INAPYMI has the right to practice any visit or inspection to verify the correct use of the vehicle in question .

ORIGIN OF THE RESOURCES

INAPYMI RESOURCES, ORDINARY RESOURCES OR COFFEE PLAN RESOURCES, as be the case.