Contest of innovational projects is organized for Ufa business people

The Ufa Fund for small business undertakings development and support holds a regular contest of investment projects within the period till February 15, 2011, and winners get a chance to make their projects a reality, receiving a financial aid on a debt contract.

The loans are granted to small and medium business on a chargeable basis by the interest rate at 16% per annum.

The financial aid is granted to development of prior types of economic activity: production of consumer goods, processing productions, agriculture, forestry, building, vehicles repair, hotel and restaurant business, transport and communication, production and repair of computer engineering, financial activity (micro-financing), education, health protection, social services, arts and crafts etc.

The loan term is up to two years and the sum is from 100 thousand to 1,5 million rubles.