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Welcome
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The Sakhalin Microcredit Program developed a network of sustainable microfinance institutions on Sakhalin Island, providing loans to micro and small entrepreneurs with little or no access to the formal banking sector. This program creates and sustains private businesses and jobs, establishes financial intermediaries, delivering high-value products at competitive, market-based interest rates to support businesses.
A two-tiered financially sustainable Russian microfinance institution in the Sakhalin Region has been created: the Sakhalin Small Enterprise Development Foundation (SSEDF)/Sakhalin Small Business Credit Society (SSBCS).
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News
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Having completed the new Management Information System (MIS) software development in May 2007, by early June 2007 SSEDF/SSBCS transferred data from the old program into the new one and started the new...Read more
| | In late May 2007, SSEDF closed its third and the biggest loan with SakhWest Bank. The Revolving Line of Credit for RR 30, 000, 000 (about USD1, 150, 000) to expand the MFI loan capital is approved for...Read more
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Russian
Elena and her family primarily transported fish from the Schmidt peninsula, and lived in the remote village of Nekrasovska, North of Okha. She joined the program taking a non-collateralized group loan . This was her first experience with any sort of formal borrowing. Her involvement with the program helped her set systematic accounting and financial records. Within just a few months, her financial position stabilized and she started looking into direct transportation of fish to wholesalers.