22 February 2011, Tuesday, 17:34

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

author: Svetlana Gafurova

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.

themes: banks, credits