Requirements for organizing credit for peasant (farmers') enterprises.

摘要

In 1997, the Russian government set up a special fund to provide credit at favourable rates to aid workers in the agroindustrial complex (AIC), specifically peasant farmers. The fund allocated for the year 2000 was 500 million roubles, plus income from various sources, such as the sale of bonds, and credit was offered at 1/4 of the Central Bank's refinancing rate + 3%. Banks authorized to administer this credit system operated under normal bank regulations, but with a few variations relating to thegrounds for granting the credit, the documentation required, the accounting system used, cash flow forecasts, existence of a guarantee from AKKOR and support for the credit provided (each point is addressed individually). The system is illustrated by means of a table showing a theoretical cash flow under the terms of the credit scheme.