Rating "A++" means that the non-Profit organization micro-credit company "Fund for microfinance of small and medium-sized businesses in the Stavropol territory" belongs to the class of microfinance organizations with the highest degree of reliability. The risk of late fulfillment of obligations is minimal. The rating was assigned based on the "Methodology for determining the rating of a microfinance organization" ed. dated February 10, 2016.

Factors that support the rating assessment should be considered the growth of capitalization, low level of overdue debt, profitability of microfinance activities, compliance of the main performance indicators with regulatory requirements, as well as the quality structure of collateral for microloans.

The positive factor of the rating was the growth of capitalization. Due to the financial support of regional authorities in 2019 in the amount of 100.4 million rubles, the capitalization increased by 13.3%, reaching the level of 856.0 million rubles on 01.10.2019. This allowed the Fund to expand its microloan portfolio to 755.0 million rubles. The assistance of the authorities creates prerequisites for further expansion of the scale of development of small and medium-sized businesses.

The Agency notes with satisfaction the positive dynamics of reducing the Fund's problem micro-loans. In comparison with the data of the previous year, the share of overdue microloans has decreased by almost 2 times to 2.1%. The company's overdue debt is significantly lower than the corresponding indicators of the Russian SME loan market (12.4%). It is also necessary to indicate the acceptable level of claim work, which was 17.5% on 01.10.2019. These factors allow us to give a high assessment of the quality of the organization's risk management.

As a positive rating factor, the Fund's profitable activity should be noted, which also has a beneficial effect on the company's capitalization. At the same time, it is necessary to indicate the stable nature of the financial result from microfinance activities, which over the past three years was about 14 million rubles, and for 9 months of 2019 amounted to 12.0 million rubles. In addition, the Agency draws attention to the good level of return on assets of the Fund, which was 2.1% as of 01.10.2019.

The Agency considers full compliance of the main indicators with regulatory requirements to be one of the positive factors. High profitability of the Fund was combined with performance and confirmed by good operational self-sufficiency, which as of 01.10.2019 was equal to 150.0%, which is 1.5 times higher than the norm. In addition, the support factor was low operating efficiency, the share of operating expenses in the average operating loan portfolio for 9 months of 2019 was only 3.6% (the maximum limit is 30%). The sufficiency of the Fund's own funds at the current date was 117.2% and did not fall below 100% in the foreseeable period, which corresponds to the recommended standard with a margin. It should also be noted that the placement of funds was quite effective, 88.2% of the capitalization was allocated to support small and medium-sized businesses.