Overview

Name: Foundation for microfinance for small and medium-sized businesses
Support format: Financial support
Support Type: Provision of state and municipal guarantees for the obligations of small and medium business and organizations forming the infrastructure of support of small and medium-sized businesses

Official website: www.fmrd.ru

Description

Non-profit organization – Foundation for microfinance for small and medium business of the Republic of Dagestan was created in accordance with the Decree of the Government of the Republic of Dagestan of September 12, 2011 N 315, in order to support small and medium-sized enterprises of the Republic of Dagestan and in accordance with the Federal Law of January 12, 1996 N 7-FZ “on noncommercial organizations”, Federal law of 24 July 2007 N 209-FZ “on the development of small and medium enterprises in the Russian Federation” and the Federal law of July 2, 2010 N 151-FZ “on microfinance and microfinance organizations. ”

Founder Fund – Agency for Entrepreneurship and Investments of the Republic of Dagestan.

The main activity of the Fund is microfinance – the provision of microloans to small and medium enterprises of the Republic of Dagestan.

The main objectives of the Fund loans to small and medium-sized enterprises are the following:

stimulating activity of small and medium-sized enterprises;
providing access to small and medium-sized enterprises to financial resources.

Loans are granted only to small and medium-sized businesses.