According to the press service of SME Corporation, small and medium-sized businesses received more than 1.7 billion rubles through the service for selecting and receiving financing on SME.RF.
In just the first six months of the service, businesses have submitted nearly 2.5 thousand applications and 800 microloans have already been issued. The average annual rate was 6.9%.
“In almost six months, 76 state microfinance organizations (SMFOs) from 70 regions have provided nearly 800 microloans to small and medium-sized enterprises. The average amount of microcredit received through the service is 2.2 million, and the average maturity is 2.5 years,” said Alexander Isaevich, General Director of SME Corporation.
He added that the digitalization of the process makes it easier to obtain microcredit and increases its accessibility for SMEs.
“Government, like business, now sees reasons to refuse to provide microfinance. This helps evaluate the effectiveness and appropriateness of this state support measure,” Isaevich said.
The largest number of microloans were issued through the SME.RF service in the Irkutsk region. In total, microloans amounting to more than 426 million rubles were issued there.
The creation and development of the SME.RF platform is provided by the national project “Small and Medium Enterprises”, initiated by President Vladimir Putin and supervised by First Deputy Prime Minister of the Russian Federation Andrei Belousov.
Let us remind you that state microfinance organizations were created to support entrepreneurs and self-employed people using funds from federal, regional and local budgets. Its founders are regions and municipalities.
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Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.