Microfinance Center of Entrepreneurship Support Fund issued 2 billion rubles of microloans

10 June 2019, Monday

Since the beginning of 2019, 135 small and medium-sized businesses in Tatarstan have received financial assistance from the state in the amount of 305 million rubles. These are representatives of 36 municipal districts, including Kazan, Naberezhnye Chelny, Nizhnekamsk and Almetyevsk.

The loans were issued by the Microfinance Center of the Entrepreneurship Support Fund of the Republic of Tatarstan (ESF of RT). The money will be used to expand production, purchase of modern equipment and opening of new industries.

Since the opening in September 2014, the Microfinance Center of ESF of RT issued 1.4 thousand loans for 2 billion rubles.

“We have exceeded the plan for issuing microloans for 5 months of 2019 by 117%, but do not intend to stop there, because we see the demand for services among Tatarstan entrepreneurs” comments the Minister of Economy of the Republic of Tatarstan Farid Abdulganiyev. - Microloan is a product that allows you to quickly borrow a small amount to solve primary business problems. Our goal is, firstly, to simplify the process of issuing microloans, and secondly, to shorten the terms of its issuance. Now we are working on optimizing business processes, and in the near future we will present an improved product to the business community”.

SUBSCRIBE FOR NEWS
All content on this site is licensed under
Creative Commons Attribution 4.0 International