Fund of Small Business Credit Assistance of Moscow was established by the Government of Moscow in 2006 and operates under the guidance of Department of Science, Industrial Policy and Entrepreneurship of Moscow. Fund fully meets international standards and since 2012 is a full member of AECM.
The mission of Fund is to increase the access of SMEs to credit resources and to support entrepreneurs in case of lack of collateral and high credit risks. In Russia there are more than 80 regional guarantee funds, the Moscow Fund is the largest one at the moment. Guarantee capital of FSECA is 8.6 bln. Rub., guarantees provided: over 7600 for more than 38 bln. Rub., the amount of SMEs financing due to FSECA activities is more than 81 bln. Rub.
We look forward to work with our European partners.
|Year of creation|
individual entities or association
|Type of scheme|
guarantee or counter-guarantee
guarantee or counter-guarantee or co-guarantee
|Guarantee, Counter-garantee, Co-garantee|
i.e. fully mutual, funded by SMEs, banking associations, fully public, fully private, private-public, mixed models
Private / Public (in %)
|100% public - Government of Moscow (represented by the Department of Support and Development of Small Enterprises of the city of Moscow)|
of single guarantee entity or association: i.e. fund, development bank, development agency, cooperative or mutual societies, bank, foundation, association, limited company, etc.
of members of an association: i.e. fund, development bank, development agency, cooperative or mutual societies, bank, foundation, association, limited company, etc.
|Structure / Network|
i.e. central scheme with regional offices, central scheme only, association network
|Central Scheme Only|
i.e. local, regional, national
i.e. agriculture, industry, crafts, retail, liberal professions, cooperatives, etc.
|Any SME sector of activity|
|Size of businesses supported|
i.e. large companies, SMEs, micro-enterprises, independent/self-employed
|SMEs, Micro-enterprises, Independent/Self-employed|
i.e. mono-product banking licenses, financial intermediary statute, non-supervised. For associations, please state statute of members
|Supervised by the Ministry of Economic Development of the Russian Federation and Russian Small and Medium Business Corporation|
|Profit / Non-profit oriented|
dividends to public shareholders are not considered as profit orientation
|Do you benefit from a counter-guarantee at local, regional or national level?|
Local level or Regional level or National level
|Are you/your members financial intermediary for EU-programmes?|
CIP/COSME or Structural funds or Progress or RSI/RSFF Horizon 2020
|Types of guarantee products provided by your organisation/your members||Loan default guarantees, Working capital loan guarantees, Leasing guarantees|
|Other SME support instruments offered by your organisation/your members|
Subsidized loans or Mezzanine financing or Venture capital or Coaching or Mediation services
|Is the activity subject to state aid regulation?||No|
|Do you (your members) use..?|
De minimis or GBER or Regional guidelines or Notification
|Do you (your members) dispose of an internal rating/scoring system?||Yes|
|Do your guarantees provide deponderation (capital relief) for member banks subject to capital requirements (Basel agreement)?||Yes|
|Do you (your members) benefit of a public counter-guarantee that allows deponderation (capital relief)?||No|