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Project reporting

Loan disbursement
The loan can be disbursed against incurred feasibility study costs during the project or in connection with the final report. However, maximum 50 % of the conditional loan can be disbursed before the project is finalised. A realised project, resulting in a foreign business establishment or similar, is entitled to an additional 50 % loan disbursement. A disbursement can be made once a status report and signed cost accounting form has been received by Nopef.

Status report
The recipient of the loan has an obligation to present a project status report every six months, from the date of loan approval, and always when significant changes are made to the original plan. The status report shall present the current development of the feasibility study, as well as the next study phases.

Final project report
The final project report shall include a summary of the feasibility study and an account of project results.

Granted loans will be closed when the final project report has been approved by Nopef. On completion of the feasibility study Nopef’s Credit Committee or Board makes a final decision regarding conversion of the loan.