According to the Bank’s website, the proposed investment is an up to US $130mn senior loan syndication to XacBank LLC, an existing IFC partner and the fifth largest bank in Mongolia, consisting of up to US$40 million for IFC’s own account and mobilization of up to US$90 million from international lenders. The loan aims to support XacBank to grow its lending portfolio in two key priority sectors - climate and micro, small and medium enterprises (MSMEs) finance, including women-owned MSMEs in Mongolia and is expected to be supported by the Women Entrepreneurs Finance Initiative (We-Fi) and the Women Entrepreneurs Opportunity Facility (WEOF).
+976 7577-1888 ext.826
XacBank HQ Bldg, Ulaanbaatar-14200, Post Branch 20A, PO Box-72, Mongolia.
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