Funding

Terms for granting a loan to create a new or expand an existing business.

• The loan is provided to residents of the Chechen Republic at the age of 18 to 60 years.
• It is necessary to complete the application with a full package of accompanying documents.
• At the time of application, registration of a legal entity is not mandatory.
• After preliminary approval, the applicant is sent for a specially designed training program.
• Based on the results of trainings, the applicant independently prepares a business plan for the sample provided by the Fund.
• By the time of the final approval of the application and the issuance of a loan, it is necessary to register a legal entity and open a settlement account for the transfer of funds.
• The Fund will monitor targeted use of funds.
• There is provision for collateral for the loan.