Global Commercial Microfinance Consortium Delivers Loan to Mongolian Microfinance Institution XacBank

Several deals involving the XacBank, a Mongolian microfinance institution (MFI), were reported in the latest addition of the CGAP-MIX MCM Newsletter. Two of the transactions, one in which shares in the MFI were sold to the Triodos-Doen Foundation and the Triodos Fair Share Fund and another involving a loan from the European Bank for Reconstruction and Development (EBRD), have already been covered by MicroCapital (see additional resources below). The third deal was a 4-year USD4 million loan from the Global Commercial Microfinance Consortium (GCMC).

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