Murmansk Region Small and Medium Business Development Fund is 30 years old

Murmansk Region Small and Medium Business Development Fund is 30 years old

The non–profit micro-credit company Foundation for the Development of Small and Medium-Sized Enterprises of the Murmansk Region (NMCC FORMAP) is a key business support institution in the Kola Arctic. This year, the Foundation celebrates the 30th anniversary of its work.

Throughout its activities, the organization offers comprehensive financial support for businesses, which includes microfinance, guarantee support for the provision of guarantees, which helps entrepreneurs obtain loans from banks. The My Business Center also operates on the basis of FORMAP, providing information, consulting, and educational assistance to small and medium-sized businesses.

In modern conditions, FORMAP remains a reliable pillar for business. Thanks to the vast experience and high professionalism of the staff, many entrepreneurs have been given the opportunity not only to maintain, but also to develop their business.

For example, in the period from 2019 to 2024, the Fund provided 2,187 microloans worth about 2.7 billion rubles, 238 guarantees worth more than 1.7 billion rubles, which allowed entrepreneurs to attract 3.8 billion rubles of credit resources.

Information on business support measures provided by NMCC FORMAP can be found on the website https://moibiz51.ru / and https://formap.ru /, as well as by phone: (8152) 994-310, (8152) 41-11-22.


/Ministry of Arctic Development and Economy of the Murmansk Region/