Microfinance Organizations

The 1st Level Microloan and 1st Level PLUS Microloan products are intended for organizations providing microfinance services to SMEs (hereinafter referred to as MFO). MFOs can obtain funding for providing SME loans for the purpose of acquisition, maintenance and modernization of fixed assets, implementation of new technologies, development of scientific, technical and innovation activity, inventory acquisition and expansion and/or development of the current business.

Loan size to one SME: maximum — 1 mln RUB.

SMEs loan collateral: any collateral meeting MFO requirements with regards to size and content.


1st Level Microloan

SME Bank borrowers via 1st Level Microloan are organizations providing microfinance services to SMEs (non-bank MFOs with the following forms of incorporation: LLC, OJSC, CJSC or non-profit institutions (including foundations and agricultural consumer credit unions, consumer credit unions)) that apply to the Bank for a special purpose loan and meet the Bank’s main criteria. 

Minimal loan size: 9 mln RUB.

Loan form: limit credit line.

SMEs loan tenors:

  • minimum — 3 months;
  • maximum — from 1 to 3 years (depending on the schedule of financing received by the MFO within the Loan Agreement timeline).

Interest rate and other SME payments: are established by the MFO depending on the quality of collateral and the SME’s financial performance. At the same time, the amount the SME shall pay for using the funds borrowed under the loan agreement between the SME and MFO shall not exceed SME Bank loan interest rate plus refinancing rate of the Bank of Russia on the date of granting the loan.


1st Level PLUS Microloan

SME Bank borrowers via 1st Level PLUS Microloan are large MFOs (except cooperatives of all types) that apply to the Bank for a special purpose loan and meet the Bank’s main criteria, whose shareholders (participants) include large banking structures or state authorities.

Minimal loan size: 25 mln RUB.

Loan form: limit credit line.

SME loan tenors:

  • minimum — 3 months;
  • maximum — up to 3 years (not longer than the Loan Agreement terms between the MFO and OJSC SME Bank).

Interest rate and other SMEs payments: are established by MFO depending on the quality of collateral and SME financial performance. At the same time, the amount SME shall pay for using funds borrowed under the loan agreement between SME and MFO shall not exceed the double interest rate of the SME Bank loan.

For further information about credit terms and requirements to borrowers go to Credit Terms and SME Credit Terms.


Regional Fund

Borrower: SME Support Foundation – non-profit institutions established with the participation of the state authorities of the Russian Federation and/or RF subjects and/or municipal entities with the aim to fund SME support programs, projects and events;

Minimal loan size: 15 mln RUB.

Loan form: limit credit line.

SME loan tenors:

  • minimum — 3 months;
  • maximum — up to 3 years (not longer than the Loan Agreement terms)

Interest rate and other SMEs payments: established by the Foundation depending on the quality of collateral and SME financial performance. At the same time, the amount SME shall pay for using funds borrowed under the loan agreement between SME and the Foundation shall not exceed SME Bank loan interest rate plus refinancing rate of the Bank of Russia on the date of granting the loan.


2nd Level Credit Union

Borrower: 2nd Level Credit Union meeting The OJSC SME Bank selection criteria. 2nd level credit union – credit unions whose members are exclusively 1st level credit unions;

Minimal loan size: 15 mln RUB.

Loan form: limit credit line.

SME loan tenors:

  • minimum — 3 months;
  • maximum — up to 3 years (not longer than the Loan Agreement terms)

Interest rate and other SMEs payments: established by the 1st level Credit Union depending on the quality of collateral and SME financial performance. At the same time, the amount SME shall pay for using funds borrowed under the loan agreement between SME and the 1st level Credit Union shall not exceed SME Bank loan interest rate for 2nd level credit unions.


Please address any questions regarding SME support through microfinance organizations to the experts of the OJSC SME Bank:

Sergei S. Voevodin
Deputy Director
SME Funding Department
Telephone: +7 (495) 783-7998, ext. 04-02
voevodin@mspbank.ru

Elena V. Krasova
SME Funding Department Project Manager
Telephone: 783-79-98, ext. 0424
krasova@mspbank.ru

Anna G. Tosunian
SME Funding Department Project Manager
Telephone: 783-79-98, ext. 04-29
tosunyan@mspbank.ru

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