“The loan was issued at a reduced interest rate within the framework of the federal program on stimulation of crediting the subject of small-sized and medium-sized enterprises,” the press release reads.
The funds have been allocated for the period of five years.
Earlier it was reported that the bank opened a credit line to Zenden with the limit of 300 million rubles.
Zenden Group operates in the field of shoes manufacture and sales and it is building a shoes factory in Crimea with a projected capacity of over 1 million shoes per year.