To solve the problem of shortage of collateral, supported the domestic manufacturer by insuring its loan. With the help of «KazakhExport», the factory purchased a new manufacturing line and increased its export capacity.
- «KazakhExport» provides insurance to bank against default risk
- Bank provides loan to exporter for export development
- In case of borrower’s default, «KazakhExport» compensates losses to the bank.
Parties of insurance agreement
- Insurer: «KazakhExport»
- Insured: borrower
- Beneficiary party: creditor
same as loan amount