Loan insurance
The tool provides a financial institution with protection against the risk of the exporter defaulting on its financial obligations under the loan agreement, and allows the exporter to obtain financing if the collateral is insufficient
Insurance procedure
- Export credit agency of Kazakhstan provides the bank with insurance against the risk of default on the loan provided
- The Bank grants a loan to the exporter, the purpose of the loan includes export development
- In case of borrower default, Export credit agency of Kazakhstan compensates the bank for losses
Parties of insurance agreement
- Insurer: Export credit agency of Kazakhstan
- Insured: borrower
- Beneficiary party: creditor
Deductible
10%
Insurance coverage
same as loan amount
