Russian Bank for Development Launches Credit Program for Micro Businesses
The Russian Bank for Development that implements government SME lending support program is continuing to introduce new credit products. Thus the Bank has entered into a «pilot» loan agreement with UK Micro-finance Centre (Kazan).
UK Micro-finance Centre’s core business is extending micro loans for set up and development new business initiatives of SMEs and micro businesses.
According to the agreement the end-users of the funds shall be micro and small enterprises in the regions. The regional representatives of the Micro-finance Center are present in over 100 Russian cities.