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MLM Business Development LTD (herein referred to as “MLMBD”) has secured partnerships with International Funders / Investors and is in a position to offer potential Clients access to various project funding. MLMBD’s services offer potential Clients the opportunity to receive tailor-made financing solutions with favorable terms and conditions engineered for success. MLMBD believe that the growth of the economy lies on the banking system capitalization as well as an establishment of a comprehensive national debt relief structure
MLM Business Development Ltd (herein referred to as “MLMBD”) is a consulting and facilitating company that has secured partnerships with International Funders / Investors and is able to facilitate various funding mechanisms with potential Client’s for project funding.
MLMBD’s services offer potential Clients the opportunity to receive tailor-made financing solutions with favourable terms and conditions engineered for success.
1-The minimum Funding amount to be requested is 100 Million $.
2- A 35% guarantee on the drawdown amount per year needs to be provided to the funder via SWIFT. The guarantee is for a period of one year and one day. We further confirm that a “Special Clause” will be inserted into the Bank Guarantee/or SBLC stating the financial instrument can never be traded, sold, or cashed.
3-The loan period can be from 5 – 25 years.
4-There is a four-year holiday period – no repayment to be made for these four years.
5- Interest range from 1% to 3% per annum.
6- Once the project has been accepted for funding, a loan agreement and terms sheet will be sent before the issuing of the Bank Guarantee (BG).
7- Once the Bank Guarantee is verified, funding starts within 21-30 business days after contract signature.
8. Funding will commence with the first payment tranche towards the project and then every month thereafter as per the pre-agreed project payment schedule – until such time the project has been completed.
Our funder undertakes the following regarding the Bank Guarantee (BG):
a. Never trade the Bank Guarantee
b. Never sell the Bank Guarantee
c. Never cash in on the Bank Guarantee
d. The physical money, as reflected on the Bank Guarantee, never has to leave the Bank that issues the
Guarantee nor the country.
MLMBD’s International Funder has presented an opportunity for the local banks to obtain a credit line for project finance based on the following terms and conditions:
1. The local banks must apply for a credit line for a minimum amount of US$ 100,000,000.00 (One Hundred Million United States Dollars).
2. The local banks must be able to provide a Bank Guarantee with a minimum value of 35% of the proposed project. Alternatively the government can issue a bond on behalf of the banks.
3. The Guarantee must be valid for one year and be transmitted by Swift to the Funders Bank (the Bank Guarantee does not need to be renewable).
4. The annual interest rate will be between 1.5%-3%.
5. Repayment period is between 10 to 25 years.
6. The local banks will benefit from a four or five-year grace period during which it will not be subject to any repayment obligation.
MLMBD believe this is a unique opportunity for the local banks to finance projects at a preferential interest rate. This will allow the local banks to increase their lending capacity and generate more income from interested rates charged to their clients .
As most international investment platforms request to mitigate the risk of any project funding by providing a bank guarantee. It is important to acknowledge that it can be very challenging for the African continent. MLMBD can provide and structure a great funding mechanism utilizing some of the government assets or income (for example pension fund .Those assets will allow providing a bank guarantee in order to receive necessary funding for all projects. MLMBD believes the preferential interest rate or various benefits provided by our funder will be a breath of fresh air into the economy and will impact positively the current national debt.
23 labourdonnais street port louis mau
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23 Rue Labourdonnais, Port Louis, Mauritius
Phone : +230 214 1644 Mobile: +230 5778 7033 Email: aslam@mlmbusinessdevelopments.com
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