In Crimea, the Microfinance Fund issued 5 billion rubles of microloans to entrepreneurs

CrimeaPRESS reports:

In Crimea, the Entrepreneurship Microfinance Fund, since the beginning of its activity in the 2014 year, has issued 5 billion rubles of microloans to small and medium-sized businesses. This was announced by Deputy Chairman of the Council of Ministers — Minister of Finance of the Republic of Crimea Irina Kiviko.

A new milestone has been passed: since the beginning of its activity, the Microfinance Fund has issued microloans totaling 5 billion rubles. These funds have helped thousands of entrepreneurs to strengthen the financial position of the business, create new jobs and multiply profitability , — said Irina Kiviko.

According to the Deputy Prime Minister, a microloan, thanks to which the total amount of borrowed funds amounted to 5 billion rubles, was issued to a Crimean entrepreneur operating in the field of agriculture. The funds will be spent on the purchase of fuels and lubricants, spare parts, plant protection products.

The Microfinance Fund for Entrepreneurship of the Republic of Crimea has been operating since 2014 years, helping entrepreneurs in developing and scaling their business. The Fund has more than 2.5 thousand grateful clients, and this number is growing rapidly every day. For 500 a microloan has already been issued 262 for a total amount of almost million rubles .

Financial assistance is provided within the framework of the national project «Small and Medium Enterprises and Support for Individual Entrepreneurial Initiatives».

Illustration and materials: press service of the Ministry of Economic Development of the Republic of Crimea.