Micro Loans Bringing Big Results

Olga Simakova’s husband thought of starting his own business after grocery stores that he helped run near Kazakhstan’s border began to feel the pinch from expanding nationwide chains Magnit and Pyatyorochka. Both Sberbank and Rosselkhozbank, which have offices in his town of Pallasovka in the Volgograd region, turned down his request for a loan to buy cattle and build a farm, Simakova said Wednesday. Talks with a local microfinancing […]