OREANDA-NEWS. November 16, 2010. The Russian Bank for Development continues to build up the size of SME Lending through infrastructure organizations that provide micro-finances to small enterprises under the SME Lending Support Program. Within the framework of the credit product Level I Micro-Loan Plus the Bank has signed a third loan facility agreement with Belgorod SME Support Fund for a total amount of RUR 150 million with a 3-year maturity, reported the press-centre of RBD.

The agreement provides for earmarked lending to SMEs (at that the size of a loan to a small or medium-sized enterprise can’t exceed RUR 1 million).

The Fund intends to allocate the RBD’s resources among SMEs engaged in production, agriculture, tourism, transport and services.

Belgorod SME Support Fund was established in 2003 and is among organizations that form the infrastructure of the SME government support in the Belgorod Oblast. Pursuant to the resolution of the government of the Belgorod Oblast the Belgorod SME Support Fund is involved in the Oblast’s Program “Development and Government Support to Small Business in the Belgorod Oblast in 2007-2010". In 2009-2010 RBD and the Fund concluded 3 loan agreements providing micro-loans to SMEs in the Belgorod Oblast.