According to the Bank’s website, the project consists of a loan of up to $10,000,000 (or its equivalent in togrog), comprising (i) a senior unsecured A loan of up to $5,000,000 (or its equivalent in togrog) and (ii) a senior unsecured B loan of up to $5,000,000 to Invescore NBFI JSC (Invescore) for the Invescore Micro, Small, and Medium-Sized Enterprises Financing Project in Mongolia.
The project entails the Asian Development Bank (ADB) providing long-term financing to Invescore to support its lending operations to micro, small, and medium-sized enterprises (MSMEs), including women-led MSMEs (WMSMEs), in Mongolia. By improving access to finance, the project will support the expansion of MSMEs and diversification of the economy, which will contribute to employment and poverty reduction.
No contact information provided at the time of disclosure.
ACCESS TO INFORMATION
You can submit an information request for project information at: https://www.adb.org/forms/request-information-form
ADB has a two-stage appeals process for requesters who believe that ADB has denied their request for information in violation of its Access to Information Policy. You can learn more about filing an appeal at: https://www.adb.org/site/disclosure/appeals
ACCOUNTABILITY MECHANISM OF ADB
The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main.