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Anti-crisis microloans issue to entrepreneurs in Buryatia

Anti-crisis microloans issue to entrepreneurs in Buryatia
Photo: pixabay.com

During the period of restrictive measures, the My Business Center in Buryatia began to issue microloans to entrepreneurs, the interest rate on which in the first half year is 2,5%, for the second half of the year - 5% per annum.

According to the press service of the government of the republic, 56 contracts for 49 million rubles were concluded with entrepreneurs. The Small Business Support Fund in the context of the coronavirus pandemic also provides a six-month deferral of principal debt of a microloan without penalties for late payment. Already 190 contracts have been restructured.

In total, the My Business center processed more than 1,3 thousand applications for business support in the context of restrictive measures due to the self-isolation regime.

It is also noted that the My Business center brought 49 Buryat entrepreneurs to international trading floors, such as Alibaba and Ebay. There they sell teas and pastries, as well as souvenirs.

September 25: current information on coronavirus in the Far East
Digest of regional events and latest statistics