The Moscow Regional Microfinance Fund continues to provide financial support to small businesses in the Moscow Region, offering soft loans for priority categories of borrowers. One of these priorities is social business.
Microloans provided by the Fund on concessional terms are necessary for entrepreneurs to ensure the functioning of the business during the period of temporary restriction of activities during quarantine.
“The preservation of social enterprises is one of the priorities for the Government of the Moscow Region. Therefore, entrepreneurs in this area can get loans from the Microfinance Fund of the region at a reduced rate. Today it is 5.5% per annum,” said Natalia Egorova, Minister of Investments, Industry and Science of the Moscow Region.
MOSCOW MICROFINANCE FUND SUPPORTS SOCIAL BUSINESS