“Chukotka Development Fund” announced tenders for credit organizations

On February 21, the "Chukotka AR Development Fund" NGO announced two tenders for credit organizations - for the right to conclude an agreement on cooperation to provide guarantees on loan agreements and to conclude a bank deposit agreement). All information about the competitions can be found in the relevant section of the Fund's website.

"The conclusion of these agreements will make it possible to make credit resources more accessible for small and medium-sized businesses. The mechanism here is that an entrepreneur applies to a bank for a loan, but he does not have enough collateral to receive all the necessary amount. The Fund is ready to cover the missing part of the loan loss with its guarantee."- said the director of the fund Olga Plotnikova.

Fund87, February 22, 2017