These are unsecured loans that are mostly fit for humanitarian purposes. When we lend out to you, the loan is only secured by the “listed collateral.” In the event that you fail to pay the loan, we would only recover amounts owed to the extent of the cover provided by the assets listed in the collateral and no further than that.
We can therefore be considered as expecting payment from the proceeds of the deal for which the funds where borrowed.
Non-recourse loans come to you at cheap rates. If your project is clearly of a humanitarian nature (of clear benefit to the region, putting substantial numbers of people to work); taking place in a developing (non G-7) country, Intrepid may well have the perfect funding vehicle for you!