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24 January, Tuesday

Ufa   °

Bashkiria can become the pilot territory for small business micro-financing

Money

The Republican program for micro-crediting can support intense development of small and medium business in the republic.

“Bashkiria can become the pilot territory, where the micro-financing for business undertakings will be widely applied on the base of a local bank” – The President of the Russian Regional Banks Association, the State Duma deputy Anatoly Aksakov stated at the yesterday’s press-conference, devoted to activation of crediting for small and medium business.

Anatoly Aksakov sited “UNUS-Bank” in Bangladesh as the example. The bank is busy with micro-financing and has 99% of payment returns. The main thing here in opinion of Anatoly Aksakov is the technology of correct estimation of borrowers and their solvency.

Tags: banks,credits
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