Microfinance Fund of the Novosibirsk Region
Russia
Siberian Federal District of the Russian Federation
Owners:
Ministry of Industry, Trade and Entrepreneurship Development of Novosibirsk Region
MCC The NSO Microfinance Fund is a non-profit organization whose main purpose is to support small businesses (commercial organizations and individual entrepreneurs). Financing is carried out at the expense of funds from the federal and regional budgets.
The Microfinance Fund of the Novosibirsk Region is one of the largest organizations in Russia in terms of microfinance of legal entities and individual entrepreneurs. For the six months of 2017, the Fund issued 161 microloans totaling 205.5 million rubles.
The fund is actively developing: in the Expert RA rating for 2017, it rose by four positions - from tenth to sixth place. At the same time, the Fund's portfolio is diversifying and shifting towards supporting the real sector: in the 1 half of 2017, the share of microloans to construction companies increased from 8% to 15%, agriculture - from 5% to 11%, manufacturing - from 18% to 20%.
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