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Home News SME DEVELOPMENT FUND TO GRANT LOAN OF MNT 52.3 BILLION THIS YEAR

SME DEVELOPMENT FUND TO GRANT LOAN OF MNT 52.3 BILLION THIS YEAR

This year, Small and Medium Enterprises (SME) Development Fund will grant loan of MNT 52.3 billion.

Last year MNT 4 trillion was granted to small and medium enterprises, which means an increase by MNT 719.7 billion compared to 2018.

According to the classification of loans by sector, 4.2 percent was granted to agriculture, forestry, fishing, hunting fields and 15.1 percent to manufacturing, 12.4 percent to construction, 32.4 percent was to wholesale and retail, machine and motorcycle maintenance, 8.5 percent was to services and 27.4 percent of the loans went to other sectors.

 

Source; https://www.montsame.mn/en/read/215354

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