LAW ON CREDIT GUARANTEE PASSED
Ulaanbaatar, Mongolia /MONTSAME/ On Friday, the parliamentary session passed a draft law on credit guarantee and related top it laws after final discussions.
Approved by 70.2 per cent of MPs, the law on credit guarantee is to help develop small- and middle-sized productions, especially those who, when starting a business, face problems due to difficult situation when there is no pledge to be held as security for taking loans, and when commercial banks do not issue loans.
B.Khuder
Approved by 70.2 per cent of MPs, the law on credit guarantee is to help develop small- and middle-sized productions, especially those who, when starting a business, face problems due to difficult situation when there is no pledge to be held as security for taking loans, and when commercial banks do not issue loans.
B.Khuder
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