SME Development Fund Loan

The purpose of the project loan:
SME Development Loan, implemented by the “SME Development Bank” under the Ministry of Food, Agriculture and Light Industry, is designated for supporting small and medium enterprises, increasing employment and expanding production.

1.    SME Development Fund small loans
Project implementation area: Gobi-Sumber, Dornod, Sukhbaatar, Khovd, Uvurkhangai, Bulgan and Khentii aimags

Loan terms:
Amount:             Up to MNT 50,000,000
Interest rate:    1.0% /monthly/
Term:                 Up to 36 months

Eligibility requirement for the project applicants:The project should be supported by the “Project selection subcommittee” meeting under the aimag’s governor’s office.

2.    SME Development Fund large loans
Project implementation area: Nationwide

Loan terms:
Amount:    Up to MNT 500,000,000
Interest rate:    0.8% /monthly/
Term:        Up to 60 months

Eligibility requirement for the applicants:The project should be supported by the “Project selection subcommittee” meeting of the SME Development Fund under the Ministry of Food, Agriculture, and Light Industry.