"Nice quote about access to finance"
-participant
CREDIT & BUSINESS GROWTH
Access to credit is a crucially important part of developing a vibrant entrepreneurial
culture, and Mongolian Small and Medium Enterprises (SMEs) can make their
operations financially stronger and more sustainable by taking out loans from
commercial banks.
However, surveys indicate that SMEs frequently have difficulty qualifying for loans
from banks and financial institutions. This is most commonly due to lack of
knowledge about the requirements and difficulty navigating the application process.
OUR FINANCIAL SERVICES
Helping young entrepreneurs to apply for loans successfully is an important part of
Youth Business Mongolia’s mission.
The support offered by the project includes:
ASSISTING WITH LOAN APPLICATIONS, AND ADVICE ON FULFILLING BANK CRITERIA
PROVIDING TRAININGS ON BUSINESS PLANNING AND FINANCIAL LITERACY
ORGANISING BUSINESS MEETINGS TO SUPPORT SME ACCESS TO CREDIT
PROVIDING LOAN FACILITATION AND BUSINESS CONSULTING SERVICES