1,000 Letters of Guarantee for Small Industries

Small Industries Investment Guarantee Fund issued its 1,000th letter of guarantee for a manufacturing unit in Qazvin on June 21, managing director of the fund, Mohammad Hossein Moqeiseh, said. Founded in 2004, Small Industries Investment Guarantee Fund has issued letters of guarantee worth more than 4.6 trillion rials ($122.66 million) as of June 21. The fund has also renewed 285 letters of guarantee worth 1.2 trillion rials ($32 million) since its inception, Mehr News Agency quoted Moqeiseh as saying.