OREANDA-NEWS. April 13, 2011. Under the SME Lending Support Program the second loan facility agreement worth RUR 25 mln. with a three-year maturity was concluded with the Mortgage Lending Agency of the Republic of Altay, reported the press-centre of RBD.

Pursuant to the agreement the Mortgage Lending Agency of the Republic of Altay will extend micro-loans to entrepreneurs in the republic. The size of lending per an SME cannot exceed RUR 1 mln., the tenor of a loan is 6 months - 3 years.

The RBD funds will be allocated among SMEs operating in agriculture, manufacturing and services.