In 3 times increased volume of issued any microloans small and medium business Tatarstan for 9 months current year

The growth in the number and amount of loans was 250% and 320%, respectively.

263 any microloans for small and medium-size business has issued subordinated Minekonomiki Fund support entrepreneurship Tatarstan for 9 months 2019 year. The total amount of funds issued is 605 million rubles. In comparison with the same period last year, the growth in the number of satisfied applications reached 250%, and in the amount – 320%.

Financial support was given to entrepreneurs engaged in services, freight transportation, agriculture and farming, construction. 

Recall that the interest rate on microloans in the current year has been reduced from 8% to 7.5%. According to the programs "Exporter" and "Social entrepreneur" specially developed by the Tatarstan entrepreneurship support Fund, the rate is set at 5% per annum. The money is issued for up to 3 years. The maximum limit per borrower does not exceed 5 million rubles.

The funds can be issued under the pledge of movable and immovable property, as well as under the guarantee of the Guarantee Fund of the Republic of Tatarstan subordinated to the Ministry of economy.

 "The programs of the entrepreneurship support Fund are designed specifically for small and medium-sized businesses and take into account the needs of enterprises at different stages of development. Microfinance products of the Fund are in great demand among entrepreneurs and become especially relevant when small amounts are needed for a short time to gradually expand the business: open a new point of sale, connect a new supplier, enter an additional range. So we made them as accessible as possible: we have introduced a flexible scheme for obtaining such support, several options for securing collateral obligations, " RT economy Minister Farid Abdulganiev said.