Omsk region lowered the interest rate on microloans for businesses to 7.5%

The Ministry of Economy reports that the Omsk Microfinance Fund reduces interest rates on the microfinance program for small and medium-sized businesses by 0.25%.

Note that this is the second decrease. Recall that in December last year, after the decision of the Bank of Russia to reduce the key rate by 50 basis points, loans from the microfinance fund became available to businesses at a rate of 7.75%.

Preferential microfinance programs are provided to small and medium-sized businesses in the Omsk region in the amount of up to 3 million rubles for up to 3 years.

"The rate reduction is related to the condition set by the Ministry of Economic Development of Russia, which regulates the interest rate under the microfinance program for small and medium−sized businesses, taking into account the key rate of the Bank of Russia," the regional Ministry of Economy said.

Enterprises wishing to receive a preferential microloan can first seek advice from the Omsk Regional Microfinance Fund.