Donetsk, Apr 22 – DAN. DPR Central Bank is to allocate 1 billion roubles over three years to microfinance businesses.
"The DPR Central Bank allocates 1 billion Russian roubles for programmes of microfinance of economic entities in 2022-2024, In 2022, the programmes are to cover up to 300 million Russian roubles. There are three types of programmes, each of them provides for a low interest rate," the Bank's announcement said.
The Bank added that the "Start", "Assets" and "Business" microfinance programs will be available to legal entities and individual entrepreneurs registered within the Republic and who have opened accounts with the Bank from May this year, when applications will be open. The rate on all offers is 9% per annum. *ot