SUM DEVELOPMENT FUND

It has several advantages below:

• the local government decides independently without going through a commercial bank,
• the Governor of Soum issues a contract directly,
• it is financed directly from the Soum Development Fund,
• there are no strict conditions for guaranteeing collateral like commercial banks,
• loan agreements can be made depending on the source of income,
• budget is not withdrawn from the state budget so that a financial source was formed to constantly turn to the development of ammunition.

LOAN GUARANTEE FUND

Small and medium-sized enterprises and entrepreneurs whose loan collateral is insufficient will issue a guarantee. If the company or enterpreneur accepts the terms of the guarantee and meets the bank's lending criteria, it will apply for the guarantee through the bank.

GENERAL DEPARTMENT OF LABOR AND WELFARE SERVICES

The General Department of Labor and Welfare Services implements programs and projects approved by the resolution of the National Employment Council to ensure the implementation of the Law on Promotion of Employment through the Employment Organizations in provinces, capitals and districts. Here are 7 programs to be implemented in 2022-2023 approved by the National Council. Through the Employment Support Fund, "Micro-industry and service provider" is implemented to provide financial support to enterprises and citizens who have production assets or service sales revenue of up to 50 million MNT.

AGRICULTURE SUPPORT FUND

You can find the Information on technical, equipment and other support to be provided by the Agricultural Support Fund in 2022.

BEST PROGRAM

Business Excellence for Sustainability and Transparency (BEST) project implementing by The United States Agency for International Development (USAID) will have been implementing for a period of 5 years, and will increase access to financial opportunities for small and medium-sized businesses (SMEs) and improve their economic well-being. aimed at diversifying and expanding Mongolia's economy by improving governance, accountability, and transparency.

Youth Business International

The Youth Business International initiative aims to increase employment opportunities in parallell with supporting youth entrepreneurship and making them employed and earning citizens. And the fact that they are going to operate in our country is a great opportunity for a country where the majority of the population is young people.

When supporting youth in entrepreneurship, there will be below opportunities to be created:

• Increase jobs
• Create volunteer business advisors
• Creating youth-oriented development
• Making the dreams and goals of young people known to the society

By implementing the YBM [Youth Business Mongolia] initiative in Mongolia:

• Young people will have the opportunity to implement their business ideas.
• Youth-oriented initiatives and participation will increase.
• The group of young entrepreneurs in need of support will be supported with the best international experience and knowledge.
• Business proposals and initiatives proposed by economically disadvantaged youth will be supported and financed.
• Youth participation will create economic development.
• There will be volunteer business mentors

 TRADE AND DEVELOPMENT BANK

You can find the introduction of loan products issued by Trade and Development Bank for small and medium enterprises and service providers.