Loans to be granted to small- and middle-sized businesspeople

Politics
B.khuder.
en_khuder@montsame.mn
2016-05-24 14:37:37

Ulaanbaatar /MONTSAME/ The cabinet meeting held Monday approved a procedure designed by the Ministry of Labor on giving credit to small- and middle-sized businesses from the Employment Support Foundation, its guarantee, repayment of interest and financial incentives.

According to the procedure, small-sized producers and entities will be provided with guarantee for the credit which equals to 60% of sum of the loans in case of lack of pledge. High responsible entities will benefit from financial incentives as well. 

 

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