SME Bank, a subsidiary bank of the SME Corporation, funded the company “Garden of Joy” from Volgograd in the amount of 7 million rubles for a period of 3 years at a rate of 7.25 percent per annum under the program for subsidizing a lending to the Ministry of Economic Development of the Russian Federation. This is stated in the message of the bank.
One of the main activities of the company is the development of the urban environment. Funds will be aimed at the development of the product range and expansion of the workshop.
Olga Ermachenko’s head organized family production of various decor elements for public parks, spaces and private gardens over 10 years ago. “We make light decorations for urban parks and areas and sculptures, for example, thematic marble. We have artificial topiaries and gabions. We also produce braided furniture for the garden and make equipment for such workshops like our, we supply it in different Russian cities, “says the entrepreneur.
Plans to have cooperation with federal trading networks, as well as the sale of products through marketers. In addition, in 2020, the “Garden of Joy” began to export its products to Western countries – Germany and the United States, previously shipments were carried out only in Kazakhstan and Belarus.
SME Bank together with SME Corporation provides support for entrepreneurs as part of the execution of federal projects “Creating conditions for a light start and comfortable business” and “acceleration of small and medium-sized businesses”. For the implementation of federal projects in SME, the Bank has developed special conditions for entrepreneurs from priority niches, including family entrepreneurship.