Name: Foundation for Assistance to SME lending
Support format: Financial support
Official website: http://www.dagfsc.ru/
Resolution of the Government of the Republic of Dagestan of 30.11.2011 № 443 “On the establishment of the Fund of assistance to crediting of small and medium-sized enterprises of the Republic of Dagestan” created a non-profit organization – the Foundation for Assistance to lending to small and medium-sized enterprises of the Republic of Dagestan.
The founder of the Fund is the Agency for Entrepreneurship and Investments of the Republic of Dagestan.
Foundation Location – 367010, Republic of Dagestan, Makhachkala, ul.Dahadaeva, 44/4, 3rd floor.
The fund was established in order to create favorable conditions for lending to small and medium-sized enterprises in the Republic of Dagestan, to ensure equal access of small and medium-sized businesses to credit and other financial resources of commercial banks, microfinance institutions, leasing companies, development of system of guarantees and surety for the obligations of small and medium-sized businesses and organizations of infrastructure to support small and medium enterprises of the Republic of Dagestan on borrowed funds on a repayment basis.
The main activity of the Foundation is to provide a redistribution of funds, granting of guarantees for liabilities (credit, loans, leasing contracts, etc.) to small and medium-sized businesses and organizations of infrastructure to support small and medium-sized enterprises of the Republic of Dagestan to the creditors.
The ability to obtain a loan in the absence of self-sufficient security on it
The simplicity of schemes of guarantee
No need to collect documents for the establishment of the Fund
There is no need to provide additional information
The speed of the decision to grant the guarantee
The guarantee provided by the Fund agencies for a fee.
The cost of the guarantee – 2% per annum of the guarantee amount
Abulmuslimov Rustam Arslanalievich
Position – Director General
Hours: Monday – Thursday 9.00 – 18.00; Friday 9.00 – 17.00 (holiday Saturday, Sunday)
The functions and powers of the founder of the Guarantee Fund carried out by the Agency for Entrepreneurship and Investments of the Republic of Dagestan.
Term of consideration of the application for a guarantee fund – 3 days
The maximum size of the fund liability – 50% of the loan amount, loan, leasing (principal)
The maximum amount of guarantee fund – 20 million rubles..