ID :
178619
Thu, 04/28/2011 - 14:00
Auther :
Shortlink :
https://oananews.org//node/178619
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SOUMS WILL BE SUPPORTED THOUGH FUND
Ulaanbaatar, Mongolia, /MONTSAME/ The Cabinet meeting on Wednesday issued a resolution on “Approving of contract and rule of forming, spending and controlling soum development fund”.
The money will be given in form of soft loans to those who want to create small- and medium-sized businesses or to widen their activitiers, and to make vacancies available in soums.
Interest of the loans will be three percent a year maximum for a period of 36 months. A half of the interest income may be used for controlling over the loans usage and for running tenders at decision of Citizens' representatives khural. The rest is to be put to the fund's circulation.
Borrowers must be registered in the soum people, have no debts to this fund or SMS fund, be able to pay off loans on time, and use the money accordingly.
B.Oyundelger
The money will be given in form of soft loans to those who want to create small- and medium-sized businesses or to widen their activitiers, and to make vacancies available in soums.
Interest of the loans will be three percent a year maximum for a period of 36 months. A half of the interest income may be used for controlling over the loans usage and for running tenders at decision of Citizens' representatives khural. The rest is to be put to the fund's circulation.
Borrowers must be registered in the soum people, have no debts to this fund or SMS fund, be able to pay off loans on time, and use the money accordingly.
B.Oyundelger
