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Udmurt Entrepreneurship Development Fund

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The microcredit company Udmurt Entrepreneurship Development Fund provides financial support to small and medium-sized businesses at the expense of targeted funds from the federal and regional budgets, as well as at the expense of targeted resources of the Joint-Stock Company "Russian Bank for Support of Small and Medium-Sized Businesses" (JSC "SME Bank").

History

2017: Renaming to Udmurt Entrepreneurship Development Fund

In March 2017 Udmurt state , the Small Business Support Fund changed its name to the Udmurt Entrepreneurship Development Fund (UFRP). The name change is due to the expansion of the Fund's functionality due to a new promising direction to support industrial enterprises of the republic.

2011: Designation of a microfinance organization

In 2011, the Ministry of Finance of the Russian Federation awarded the status of a microfinance organization to the Udmurt State Fund for Small Business Support. The date of inclusion of information in the state register of MFIs is 08.07.2011.