foir print

16.09.2005

Bank Center-invest offered new loans for small business

Bank Center-invest offered new lending programs for small business to the entrepreneurs of the South of Russia.

Special offer for the customers of Bank Center-invest is the loan guaranteed by the Agency for International Development of the USA (USAID). One of the conditions of the loan is that the collateral should equal the sum of the loan; the rest is covered by the USAID guarantee.

“Car” loan allows purchasing a car for business while “Start-Up” loan allows starting a new business.

In the frames of Bank Center-invest new programs for small business standard loans and overdrafts, both with and without collateral, are also available.

Since 1997 Bank Center-invest has been realizing the program of support of SMEs of the South of Russia. Bank Center-invest cooperates actively with foreign partners in the sphere of lending to SMEs. At present the largest international financial organizations (KfW, DEG, EBRD, IFC, USAID) have granted credit and guarantee lines for SMEs to Bank Center-invest to the amount of over USD 41.5 million.

9000 small business enterprises and 4000 individual entrepreneurs have already become the customers of Bank Center-invest. By the end of the year Bank Center-invest plans to increase the number of customers (SMEs and individual entrepreneurs) up to 15 thousand and the volume of crediting – up to RUR 8 billion.