18 organizations in the republic, including credit, non-credit and other financial institutions, carry out their activities through partnership financing.

According to Murad Idrisov, head of Dagestan branch of the National Bank, their product range includes debit cards, deposits, accounts, installment payments, mortgages, leasing, investment and project financing, but none of these organizations are registered with the Bank of Russia.

As to Guseyn Guseynov, head of the Agency for Entrepreneurship and Investment of the Republic of Dagestan, three other regional organizations that support small and medium-sized enterprises currently work to join the experiment. These include the Guarantee Fund, Daglizingfond LLC and Dagagroleasing JSC.

Picture by presidentmedia.ru