Regional Economy Support program

Purpose of the Project loan:
German Agency for Technical Cooperation /GTZ/ and Khan bank offer a loan designed to support SME’s and specifically, finance equipment purchase, by providing a guarantee for applicants that lack sufficient collateral to qualify for loan.

Project implementation area:
Darkhan-Uul, Orkhon, Bulgan, Selenge

Loan terms: 

Amount:          Loan size varies depending on the size of business, assets and financial capacity of applicant
Interest rate: The minimum interest rate in effect at the particular local area
Tenor:             up to 60 months
             
Additional eligibility requirements for applicants:

• Previous entry in the “Business Plan Competition” organized by GTZ
• A GTZ reference letter confirming the credit guarantee issued in favor of applicant