Encyclopedia

Microloan


A microloan is monetary funds provided by a microfinance organization to an individual under conditions of repayability, with or without collateral, as well as other types of monetary funds provided for by this Federal Law (ceased to be in force as of 2021-07-01)1.

  1. Federal Law No. 116-FZ dated 2005 "On Special Economic Zones in the Russian Federation", as amended on 2020-12-30, Article 31.14, ceased to be in force as of 2021-07-01 // Official Gazette of the Russian Federation. 2005. No. 30. Article 3127. ↩