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$175m in Guarantees for SMEs in 9 Months

$175m in Guarantees for SMEs in 9 Months $175m in Guarantees for SMEs in 9 Months

In the first nine months of current fiscal to Dec.21, almost 1.4 trillion rials ($175 million) in guarantees was issued or extended by the SMEs Investment Guarantee Fund.
According to the IGF website, the fund issued 84 guarantees worth 65.4 billion rial ($6.4 million) and extended the validity of 134 existing guarantees worth 771 billion rials ($7.5 million) in the first nine months of current fiscal that ends in March.  
Credit guarantees issued to launch industrial units stood at 268 billion rials ($2.6 million). Also, 264 billion rials ($2.5 million) in credit guarantees were issued in the form of working capital for SMEs. 

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