Grape processing enterprises

Credit for working capital on the grape processing enterprises is issued for purchase of grape, also for purchase of the materials needed for wine (bottle, cork, cap, label and box). 

Issue of the credit for working capital on the grape processing enterprises is allowed from August 20 of every year including October 31 of the same year, based on the relevant resolution of government of Georgia (if any). 

Credit may only be received by the enterprises defined by LEPL “Wine National Agency”. The list of the mentioned enterprises will be posted at the web page of LEPL “Wine National Agency” https://wine.gov.ge  

The total amount of agro-credit issued to per beneficiary, for per season, should not exceed to 10,000,000 GEL, and maximum term of the preferential agro-credit should be defined for 15 months. 

The agency will implement co-financing of the interest benefit of the credit taken for purchase of grape and the materials necessary for production of wine (bottle, cork, cap, label and box). The agency will not implement co-financing of the interest benefit on the part of the taken credit, which is not used for purchase of grapes and the materials necessary for production of wine (bottle, cork, cap, label and box) by the beneficiary. 

The beneficiary is obliged, until November 30 of every year, to submit an audit report to the serving financial institution (for the loans approved including the amount of 500 000 GEL, the entities existed in the registry of the “accounting, reporting and audit supervision service” of the state sub-departmental institution included in the Ministry of Finance of Georgia, which have I, II,  III or IV category; B) For the loans approved from 500 001 GEL, the entities existed in the registry of the “accounting, reporting and audit supervision service” of the state sub-departmental institution included in the Ministry of Finance of Georgia, which have I, II,  III category;  C) LEPL “Levan Samkharauli National Forensics Bureau”) about the volumes and amounts paid by the beneficiary during the season of the current year for purchase of wine producing grapes and the materials necessary for wine production (bottle, cork, cap, label and box). Based on this information will be concluded a tripartite comparison act between the agency, the beneficiary and the lending bank regarding the utilization of the loan by the beneficiary in accordance with the purpose of the loan. 

Interest rate of the loan is determined in accordance with its volume. Interest rate of loan can be fixed or floating.

In case of fixed interest rate the following annual interest rates shall be determined by the financial institutions: 

In case of floating (variable) interest rate the following annual interest rates shall be determined by the financial institutions:  

The Agency will ensure the co-financing of the interest rate of no more than 15 months of preferential agro-loan, simultaneously with the sum paid by the beneficiary, in amount of annual 12% of basic sum of the loan.

The loan is repaid with an annuity or a non-standard schedule. The financial institution shall give the beneficiary a grace period for the payment of both the principal amount and the interest benefit not less than until January 15 of the following year. After January 15 of the following year, the grace period for the payment of both the principal amount and the interest benefit is determined by the lending financial institution.

Terms of present sub-component not envisaged by the present component will be settled in accordance with the general terms on component of operating assets.