CINGO FINANCIAL HOME

Under Cingo Lending Facility, We would grant short, medium and long term fixed rate loans, to exporters directly and/or under co-financing/syndication arrangement with eligible banks.

Cingo loans are available to assist all Debt Holders complete their debts, by providing working capital and/or facilities and funds for procurement of equipment. Services include, but are not limited to consultancy, tourism, oil and gas services provided by Ecuador. Loans are granted in both local and foreign currencies up to 4% Interest rate with a reasonable duration of repayment.

The following items are not eligible for financing:

• Armaments, ammunitions and other military equipment
• Psychotropic drugs and narcotic
• All items prohibited by international conventions or environmental constraints
• Ponographic and obscene materials; and
• Items prohibited for importation/exportation by prevailing government policies/guidelines

Borrower

A borrower must be a creditworthy limited liability company, cooperative society, existing/new production units with a minimum of 50% export orientation or an existing provider of export services. The borrower must provide evidence to assure our company of his/her capability of making the repayment.

Participating Bank

Banks wishing to participate in co-financing a project with CINGO FINANCIAL HOME must be in good financial health as evidenced by three years Audited Accounts, and meet additional criteria set by CINGO FINANCIAL HOME from time to time. Where CINGO FINANCIAL HOME is invited to join a syndication arrangement, member banks must be ready to provide the working capital requirement of the borrower and subsequent cost overrun.