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SMEs Borrow $230m 

SMEs Borrow $230m 
SMEs Borrow $230m 

An estimated 1,206 small and medium-sized companies took loans in the first five months of the current fiscal year that started in March.
According to the Ministry of Industry, Mining and Trade, which is in charge of introducing the SMEs to banks, the total loans reached 73 trillion rials ($230.3 million), newswires said. 
Loans were also given to ‘unestablished business projects’ that reported 60% physical progress. As per the ministry data, more than 5,840 SMEs had applied but 1,970 firms were introduced to the lenders.

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