MFI Report

«Microfinancial Center», having its head office in the city of Kazan, Russia, as well as 110 branch offices all over Russia successfully implements the Small-scale Entrepreneurship Support program. «Microfinancial Center» was founded in May of the year 2002. The main objective of the Center is to render financial services by means of micro-loans granting for the purposes of entrepreneurs’ business-initiative supporting. The tasks fulfilled by the Center include teaching of progressive technology of business carrying on to entrepreneurs having low incomes level, consulting them on legal and economic problems, wherefore a “business-centers” network is being created right now. Center’s activities are directed toward rendering assistance to economically active population and the Center grants financial resources for business support and development. Furthermore, one of the tasks of the Center is to facilitate access to getting higher education for population, wherefore there is a program of Loans Granting for Education implemented. The Center’s employees fulfill the task of bringing organization out to leading positions in the sphere of micro-financing by rendering services to enterprises and entrepreneurs working in the small-scale business sector. As for entrepreneurs having relatively low incomes level, micro-financing can become the only and the most efficient instrument which could help them to support their business, simultaneously ensuring them large-scale economic growth. As far as its work is concerned, the Center aims at achieving maximal quality and rate of services rendering to its clients – that is, to Russian entrepreneurs. Loans execution and giving out is performed within one day. The work fulfilled by the Center is based on individual approach to each client; our experts carry out high-quality business estimation, actively render assistance in execution of all the accompanying documents, give consultations to clients during the whole period for which a loan is granted. There is an exclusive micro-financing technology developed and applied by the Center’s specialists, with this technology being based on covering of maximum wide circle of entrepreneurs, as well as on flexibility of work with clients. The Center aspires at creating long-term relationships with its clients – the majority of borrowers resort to the Center’s services time and again after they repay the first loan. Having highly qualified employees and having designed systems projects which have improved the quality of work and control exercised in the organization departments, the Center not only increases the clients quantity (approximately by 100% each year), but also carries out the simultaneous organizational transformations process. These transformations give the Center an opportunity to provide its clients with higher-quality services by offering them improved services kit, and to ensure higher level of investments safety, as well. Quick and constant access to high-quality financial services, immediate proximity to client, flexible demands of deposit security made for micro-loans obtaining, consulting and assistance rendering during applications execution – these are the Center’s distinguishing features which have become highly attractive financial institutions for people who are economically active but whose access to the formal banking sector is limited due to low level of their incomes. Hide