Businesses in the Moscow region will be able to get a loan at an annual interest rate of 1%
The Moscow Region Microfinance Fund has reduced interest rates on loans for entrepreneurs in the region. Now they start at 1% per annum and do not exceed 7% per annum, according to the website of the Ministry of Investment, Industry and Science of the Moscow Region.
The main part of loans is supposed to be issued at a rate of 3,5% and 4,5% per annum respectively for priority categories and activities of entrepreneurs. For social and hospitality businesses, as well as folk arts and crafts, the rate will be 2% per annum.
"In 2021, the regional fund will introduce new special micro-financing programmes. These are "Remote territories", under which businessmen can take a micro-loan at 1% per annum, "Young Entrepreneur" with a rate of 3.5% per annum and "Refinancing" - the rate of 3.5%-4.5% per annum "- said the head Ekaterina Zinovieva.
According to the department, in 2020 the Moscow Regional Fund of Microfinancing issued 233 concessional microloans to small and medium-sized businesses of the Moscow region. The total amount of the financial help has made 470,6 million rubles.