FSECA – Fund of Small Business Credit Assistance of Moscow
28A, Varshavskoye highway
Moscow
Russia
+7 495 9671949
+7 495 9671949
mosfund@mail.ru
http://mosgarantfund.ru/eng/
Anton E. Kuprinov, Executive director
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.
| Are you/your members financial intermediary for EU-programmes? CIP/COSME or Structural funds or Progress or RSI/RSFF Horizon 2020 | No |
| Types of guarantee products provided by your organisation/your members | Loan default guarantees, Working capital loan guarantees, Leasing guarantees |
| Do you benefit from a counter-guarantee at local, regional or national level? Local level or Regional level or National level | No |
| Type of scheme guarantee or counter-guarantee | Guarantee, Countergarantee |
| Other SME support instruments offered by your organisation/your members Subsidized loans or Mezzanine financing or Venture capital or Coaching or Mediation services | No |
| Is the activity subject to state aid regulation? | No |
| Do you (your members) benefit of a public counter-guarantee that allows deponderation (capital relief)? | No |
| Type of organization National Promotional Bank (NPB), National Promotional Institution (NPI), Private, Mutual, Mixed | NPI |
| 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 | No |
| 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. | Fund |
| Legal form of members of an association: i.e. fund, development bank, development agency, cooperative or mutual societies, bank, foundation, association, limited company, etc. | Fund |
| 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) |
| Ownership i.e. fully mutual, funded by SMEs, banking associations, fully public, fully private, private-public, mixed models | Fully public |
| Product typology guarantee or counter-guarantee or co-guarantee | Guarantee, Counter-garantee, Co-garantee |
| Structure / Network i.e. central scheme with regional offices, central scheme only, association network | Central Scheme Only |
| Geographic coverage i.e. local, regional, national | Regional |
| 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 |
| Year of creation individual entities or association | 2006 |
