Micro-crediting of small business to be continued in 2012

Lubov Kolokolova

The center for micro-financing of small business RB stops accepting the applications for credits from businessmen in connection with the end of the financial year. The state business undertakings and tourism committee RB reports the reception of applications for micro-crediting will be resumed beginning from January 10, 2012.

It is necessary to note that the center is the executor of the Republican program for support of small and medium business undertakings and in 2011 its assets reached 178,75 million rubles. By this showing the Bashkir center has held the ninth place among similar micro-financial organizations in Russian regions.

At present time nine offices of the center work on the territory of Bashkiria. The center credits small and medium business for the sums up to one million rubles at the fixed rate at 11% of interest per annum.

#business undertakings #micro-credits

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