From inception, Centurion Capital will be seeking to create value for its customers by extending them longer tenors than are currently available on the market. The Fund will advance loans for one of two purposes: (1) expansion; and (2) short-term liquidity loan.

The Fund will primarily focus on loans to finance portfolio expansion. Liquidity loans are granted only in exceptional cases to existing customers, who need a short-term loan to keep from defaulting on an existing obligation. Such a loan would only be granted when client management has been able to convincingly demonstrate that the liquidity crisis was not the result of poor management and that intermediate term cash flow will be solidly positive and according to a clearly established and documented policy.

The general characteristics of the loans are as follows:

	Liquidity Loan*	Expansion Loan
Currency of the loan	RUR	RUR
Type of interest	Flat	Flat/Declining balance
Description of commissions	1,5% of loan amount, paid upfront	1,5% of loan amount, paid upfront
Min. loan amount	US$50,000	US$50,000
Max. loan amount	US$100,000	US$300,000
Max. loan maturity	6 months	3 years
Min. loan maturity		6 months
Frequency of payments	Interest monthly, capital one payment	Interest monthly, capital flexible
Collaterals / guarantees	All or part of MFI’s loan portfolio, bank guarantees, real estate, regional government guarantees.	All or part of MFI’s loan portfolio, bank guarantees, real estate, regional government guarantees.

*Not applicable for first time borrowers.