The proposed investment is a local currency denominated syndicated senior loan facility to Transcapital NBFI LLC (the “Company” or “Transcapital”), the largest microfinance institution in Mongolia, and includes (i) a 3-year IFC A loan of MNT equivalent of up to US$3 million; (ii) a 3-year hedged A loan participation of up to US$9 million equivalent. This if IFC’s first engagement with Transcapital. The proposed investment will help the Company to further improve the access to finance for the underserved micro enterprises in Mongolia, especially those in the rural and suburb areas of Mongolia outside of the capital city Ulaanbaatar; in addition to supporting the development of microfinance sector in Mongolia by helping microfinance institutions gain access to mid-term local currency funding and strengthen institutional capacity.
This project or financing is part of IFC's COVID-19 response, as stated on the IFC website. You can find additional information at: https://www.ifc.org/wps/
Transcapital is currently majority-owned by Namsraijav Family in Mongolia, with its top three individual shareholders being family members. Mr. Zorigt Namsraijav is the founder and the largest shareholder of Transcapital. In addition to Transcapital, Mr. ZorigtNamsraijav is also the founder of Tuushin Group LLC, which includes the first freight forwarder in Mongolia, and the Tuushin Hotel, and has introduced Mongolia to international trade and transportation networks. 93% of Transcapital is collectively held by Mr. Zorigt Namsraijav and Mr. Altanzul Zorigt, CEO of Transcapital.
Transcapital NBFI LLC
Mr. Altanzul Zorigt
Transcapital NBFI LLC, Transcapital Building, Partisan’s Street, Sukhbaatar District, 4th khoroo, Ulaanbaatar, 14250, Mongolia
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