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Microfinance Fund issues loans to Dagestanis totaling 64.4 million rubles

29 January 2018 18:17 Posted in:  BUSINESS
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Makhachkala, January 29, 2018. The subjects of small and medium-sized businesses received 45 loans from the Microfinance Fund, through which they developed their businesses and created 151 new jobs.

The Head of the Microfinance Fund in Dagestan Khalil Dzhakhbarov reported on the work done over the year of 2017. As to Dzhakhbarov, in total, 64 million 400 thousand rubles were allocated for the development of small and medium business entities. 70% of the funds borrowed were granted to the trading enterprises, which need working capital more than others. On the retail trade, 22 loans worth 32.2 million rubles were issued. The wholesalers received 2 loans worth 3 million rubles.

In the construction industry, the entrepreneurs received 7 loans worth 13 million rubles. The agricultural enterprises were granted 4 loans in the amount of 6 million 150 thousand rubles. Besides, a part of loans were directed to the production, development of restaurant and hotel business, provision of personal services.



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