Consumer Credit Cooperative of Citizens 'Sodeystviye'

Mission:

To assist low income entrepreneurs (mainly women) in developing theiir micro and small businisses, to improve their households income to ensure share-holders families famili well being

Background and Main Challenges:

Legal uncertainty faced by institution an early periods of microfinancing activities, caused impeacments in illegal banking business and taxation claimes. After proceedinga the cooperative's legal and non-profit taxation statute, its power to carry microfinancing activities were verified by the ... Read more

Address:

ul. Octyabrskoy Revolucii 9, office 301

Smolensk

214000

Russia

Phone:

(7 0812) 683 538

Fax:

(7 0812) 683 538

Email:

marat [at] keytown [dot] com

Website:

www.smolfinance.ru

Main Funding Sources:

Savings

Shareholder Capital

Products and Services:

Loans

Voluntary Savings

Products:

Sodeystviye offers 11 lending products and 19 savings products to its clients. All financial services offered by this institution aimed at growth and development of the regional SME sector, as well as financial support of vulnerable parts of population. «Sodeyistviye» offers relatively low ... Read more

Looking for (Investment Types):

Loans in Local Currency

Donations

Capacity Building Grants

% Operations Comprised by MF:

91 - 100

Date established:

Jan 1 1997

FYE:

31-Dec

Current Legal Status:

Credit Union / Cooperative