The Crimean Entrepreneurship Microfinance Fund issued loans worth more than 6 billion rubles

CrimeaPRESS reports:

The Fund for Microfinance Entrepreneurship of the Republic of Crimea has issued more than 3 000 microloans in the amount of more than 6 billion rubles since the beginning of its activity. This was announced by Deputy Chairman of the Council of Ministers — Minister of Finance of the Republic of Crimea Irina Kiviko.

Every year the number of entrepreneurs who receive financial support is growing. The Fund is developing anti-crisis products that are in demand in various areas of the Crimean economy. A developing business can always take advantage of the Fund’s programs and the purpose of using a microloan should be to create and develop their own business, replenish working capital, purchase equipment and other purposes related to entrepreneurial activities , — said Irina Kiviko.

Let us recall that microloans up to 5 million rubles are provided to entrepreneurs on a repayable basis for a period of up to 36 months. Attractive for business entities is the size of the interest rate for using a microloan.

Entrepreneurs are supported within the framework of the national project «Small and Medium Enterprises and Support for Individual Entrepreneurial Initiatives».

According to the press service of the Ministry of Economic Development of the Republic of Crimea.