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As stated by the EBRD, the project consists of the provision of a senior loan of US$ 10million to Gobi JSC, Mongolia's largest integrated cashmere processor and garment producer, for working capital financing.
The project will support growth and competitiveness of the company by financing its additional working capital needs to build up inventory during the procurement season of cashmere wool. The Loan will help Gobi to substantially expand its supplier and customer base.
As stated by the EBRD, Gobi JSC is the largest vertically integrated cashmere processor and garment manufacturer in Mongolia. The Company is a subsidiary of Tavan Bogd Group, an existing client of the Bank with a positive track record, and one of the leading and well-diversified Groups in Mongolia.
Private Actor 1 | Private Actor 1 Role | Private Actor 1 Sector | Relation | Private Actor 2 | Private Actor 2 Role | Private Actor 2 Sector |
---|---|---|---|---|---|---|
TAVAN BOGD LLC | Parent Company | Industry and Trade | owns | Gobi JSC | Client | Agriculture and Forestry |
Client - Gobi JSC:
Khangalan Bayarsaikhan
Email: khangalan.b@gobicashmere.com
Phone: +976 99116306
Website: www.gobicashmere.com
ACCESS TO INFORMATION
You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request
ACCOUNTABILITY MECHANISM OF EBRD
The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.
You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en
You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html