Credit Guarantee System Expands Finance for Mongolia’s SMEs
Sharing this interesting video from Asian Development Bank about credit guarantee system expand ing finance for Mongolia’s SMEs. A project is now helping commercial banks lend more easily to SMEs by backing Credit Guarantee Fund’s credit guarantees. The project will expand the financing for SMEs in sectors not related to mining. ADB is supporting access to finance in several areas through direct lending and technical assistance, including projects that aim to help Mongolia’s SMEs sustain their businesses and thereby foster growth, diversify the economy, lessen dependence on the mining sector, and create jobs.
Video via Asian Development Bank.