South West | Finance, business

Rostov region gets $15.7m SME support Guarantee Fund

16 Nov '09
A $15.7m Guarantee Fund to support small and medium businesses has been set up in Rostov region, regional officials report.

Of the total funding, $12.2m has been assigned from the federal budget, and $3.5m has been put up by regional authorities, officials said.

The Fund is reportedly to help small businesses, which cant provide sufficient collateral to rake out bank loans.
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Locations: Rostovskaya oblast

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