The business of Kuban received 1.3 billion rubles of soft loans

the 1.3 billion of preferential loans received business of Kuban. The regional microfinance Fund last year increased its lending by 42.5%.

the Foundation contributes to the realization of the national project “Small and medium entrepreneurship and support of individual business initiative”. Its programmes are designed to support priority directions of development of regional business. The average rates on loans lower than that of similar funds in other regions.

As reported by the GTRK “Kuban” in Department of investments and development of small and medium enterprises, only has 13 programs of the Fund, two of which are special – for entrepreneurs affected by the disaster and business of the Bank which revoked the license. The Ministry said that the Foundation continues to increase support for small businesses.

“the Highest volume of microloans granted in 2019 was sent to small entrepreneurs operating in the real sector of the economy. Last year, the microfinance Fund issued concessional loans worth 1 billion 292 million rubles, which is by 42.5% more than in 2018,” said the Department.

the Press service of administration of Krasnodar region reports that the microfinance Fund 2013. Currently occupies a leading position in Russia in terms of capitalization. Last year it amounted to about 2 billion rubles, this year it is planned to capitalize the Fund to the level of 2.5 billion rubles.

Text: GTRK “Kuban”