Fund of microfinance of Krasnodar Krai In Krasnodar Krai within implementation of the long-term target program for support of small and average business the Fund of microfinance of Krasnodar Krai is created

A founder of Fund is the administration of Krasnodar Krai represented by Department of investments and development of small and average business of Krasnodar Krai.
The microloans provided by Fund give the chance to small business in the operational mode to raise money on an attractive interest rate from 3,5% to 10% per annum in the sum up to 3 000 000 rubles for up to 3 years. Besides, in the loan agreement there are no hidden payments, the commissions and an insurance.
In May, 2017 changes have been made to rules and conditions of granting microloans by Fund of microfinance that has allowed the subjects conducting trade activity and activities for leasing of the real estate to use state support also.
Changes have concerned also the operating products of Fund:
1) "Start" – is provided to the beginning businessmen whose term of activity from 3 to 12 months, for replenishment reverse and acquisitions of fixed assets and also constructions, capital repairs or reconstruction of the non-residential premises used for business activity. The sum of a microloan is from 100 thousand rubles up to 700 thousand rubles, an interest rate of 7% per annum, the term of granting is from 7 to 24 months.
Establishment of a grace period of repayment of a principal debt up to 6 months is possible.
2) "Farmer" – is provided for carrying out seasonal and field works. The microloan sum from 100 thousand rubles to 3 million rubles, an interest rate of 8,75% per annum, term of granting it is prolonged from 3 months to 24 months. At the request of the farmers of Kuban addressing to Fund, the grace period on return of the main sum of a microloan up to 9 months is prolonged.
3) On the product "Business Turn" provided on replenishment of current assets under 10% per annum microloan term up to 24 months is also prolonged.
4) "Business and Investment" – is provided for acquisition of fixed assets and also construction, capital repairs or reconstruction of the non-residential premises used for business activity. The sum of a microloan is from 100 thousand rubles to 3 million rubles, an interest rate of 10% per annum, term of granting from 3 to 36 months.
5) For acquisition, a construction, production of fixed assets and also replenishment of current assets the microloan "Handicraftsman" under 6,25% per annum for a period of up to 24 months with a possibility of receiving a grace period on return of the main sum of a microloan up to 6 months is provided to the businessmen who are carrying out craft activity.
6) Novotekh – is provided for acquisition of new fixed assets under their pledge. The product is specially developed for the businessmen having difficulties with providing pledge, but needing fixed assets. The sum of a microloan is from 100 thousand rubles to 3 million rubles, an interest rate of 9% per annum, granting term – from 1 to 36 month