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| Term:
6 months, renewable for successive periods of six months
to an accumulated maximum of 24 months. |
| Amount:
Amounts will be defined on an individual basis. The Facility
will not lend more than 40% of its resources to any given
country (up to 60% in special circumstances). Also, any
single MFI cannot have an exposure greater than 30% of the
total committed funds or an amount equivalent to 50% of
the MFI´s equity plus quasi-equity, whichever is smaller. |
| Fee:
The Facility charges each MFI a one time “appraisal
fee” in order to evaluate the institution and conduct
the qualification process. |
| Currency:
While most operations will be denominated in hard currency
(US$), in some exceptional cases the facility could consider
disbursements in local currency. |
| Interest
Rate: The interest rate charged would be
based on market internal and external rates current before
the emergency occurred. However, rates will increase every
six months afterwards, in order to disincentive the use
of ELF’s funds for permanent funding purposes. |
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