FSECA – Fund of Small Business Credit Assistance of Moscow

23/12, Tverskaya ul.

+7 495 9671949
+7 495 9671949


Anton E. Kuprinov, Executive director

Anton E. Kuprinov, Executive director

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 10.3 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
Do you (your members) benefit of a public counter-guarantee that allows deponderation (capital relief)?No
Do your guarantees provide deponderation (capital relief) for member banks subject to capital requirements (Basel agreement)?Yes
Do you (your members) dispose of an internal rating/scoring system?Yes
Do you (your members) use..?
De minimis or GBER or Regional guidelines or Notification
Is the activity subject to state aid regulation?No
Other SME support instruments offered by your organisation/your members
Subsidized loans or Mezzanine financing or Venture capital or Coaching or Mediation services
Types of guarantee products provided by your organisation/your membersLoan default guarantees, Working capital loan guarantees, Leasing guarantees, Factoring guarantees, Letter of credit guarantees
Are you/your members financial intermediary for EU-programmes?
CIP/COSME or Structural funds or Progress or RSI/RSFF Horizon 2020
Do you benefit from a counter-guarantee at local, regional or national level?
Local level or Regional level or National level
Type of scheme
guarantee or counter-guarantee
Guarantee, Countergarantee
Product typology
guarantee or counter-guarantee or co-guarantee
Guarantee, Counter-garantee, Co-garantee
Profit / Non-profit oriented
dividends to public shareholders are not considered as profit orientation
Non-profit oriented
Supervision statute
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
Size of businesses supported
i.e. large companies, SMEs, micro-enterprises, independent/self-employed
SMEs, Micro-enterprises, Independent/Self-employed
Sectorial focus
i.e. agriculture, industry, crafts, retail, liberal professions, cooperatives, etc.
Any SME sector of activity
Geographic coverage
i.e. local, regional, national
Structure / Network
i.e. central scheme with regional offices, central scheme only, association network
Central Scheme Only
Legal form
of members of an association: i.e. fund, development bank, development agency, cooperative or mutual societies, bank, foundation, association, limited company, etc.
Legal form
of single guarantee entity or association: i.e. fund, development bank, development agency, cooperative or mutual societies, bank, foundation, association, limited company, etc.
Shareholder structure
Private / Public (in %)
100% public - Government of Moscow (represented by the Department of Support and Development of Small Enterprises of the city of Moscow)
i.e. fully mutual, funded by SMEs, banking associations, fully public, fully private, private-public, mixed models
Fully public
Type of organization
National Promotional Bank (NPB), National Promotional Institution (NPI), Private, Mutual, Mixed