Board reviews SME loan program - News.MN

Board reviews SME loan program

Old News! Published on: 2010.10.23

Board reviews SME loan program

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The
Small and Middle Enterprise Board (SMEB) has just finished a review of the loan
program in 21 aimags and Ulaanbaatar city. The review covered 365 economic
entities which got a loan last year and 612 this year.

Repayment was 97% in the case of 2009 loans. Darkhan and Dornod aimags issued
all loans in the first half of the year while Dornogobi and Dundgobi aimags were
late. Officials there will be taken to task   and the loan amount there would also be
reduced.

In 2010,
the food sector claimed 16% of the loans, animal husbandry 5%, agriculture 21%,
construction 9%, light industry 22% and others 7%. Borrowing units have been producing
eggs, other vegetables, packeted milk and yogurt, and bricks and blocks for
local consumption.


Pending proposals for
loans from the provinces total MNT150 billion.



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