OPIC providing USD 10 million in loans to Mongolian SMEs

Ulaanbaatar /MONTSAME/ The Overseas Private Investment Corporation (OPIC), an independent U.S. government agency, and the Schulze Global Investments-Mongolia signed an agreement on October 22. Accordingly, the OPIC will give the Mongolian small and medium enterprises (SMEs) a 10 million USD loan. The money will be regulated through Schulze Global Investments, an emerging markets private equity firm. As supposed, the loan will support the Mongolian businesses outside of the mining industry and will strengthen Mongolian and U.S. economic and commercial relations.