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International Partenrship for Youth Business

Center-invest bank’s specialists visited the head office of Youth Business International in London, UK. During the business meeting Center-invest Bank shared its experience in realization of the Youth Business Russia programme in Rostov-on-Don.

The partners discussed the main issues of cooperation: mentoring, information support and international contacts between young entrepreneurs . The experience of Center-invest Bank’s school for business-mentors, free trainings and business online portal containing inspired successful stories of youth entrepreneurs supplemented the treasury of world-making decisions for the development of youth entrepreneurship and will be reflected in the strategy of Youth Business International.

Center-invest Bank has been implementing the Youth Business Russia programme since 2012. Under this programme, entrepreneurs aged 18-35 years can obtain three-year loans without needing to provide security or a guarantee. The maximum loan amount is RUB300,000 and the interest rate is 12% per annum.

Together with the International Business Leaders Forum the bank created the school for business-mentors: as well as affordable finance young people are offered guidance from individual mentors, experienced businessmen.

Center-invest Bank also provides free business advisory support on business planning, taxation, finance and bookkeeping for young entrepreneurs in Financial Literacy Centre. Already over 150 new entrepreneurs of southern Russia have set up their own businesses together with Center-invest Bank.