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The Manufacturing and Entrepreneurship Support Foundation issues its first discount loan at a 5% interest rate

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The borrower will use the money to expand production and develop new products.

The Moscow Manufacturing and Entrepreneurship Support Foundation has issued its first RUB 50 m, five-year loan at 5% APR. The principal repayment is deferred for 24 months. Some of the proceeds will be spent on feedstock purchases and payroll.

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