OREANDA-NEWS. July 01, 2011. The Russian Bank for Development has signed the second loan facility agreement with the Vladimir Region State Autonomous Institution “Fund for SME Guarantees and Development” for a total amount of RUB 30 million with a 3-years tenor under the SME Lending Support Program, reported the press-centre of RBD.

Pursuant to the agreement the funds are provided under Micro-loan Level 1 product.  The Fund is going to distribute micro-loans to local SMEs involved in manufacturing, construction, R&D for food processing industry and transport services. The loan size for a single SME will be up to RUB 1 million.