The European Bank for Reconstruction and Development (EBRD) committed a $5 million loan to XacBank, Mongolia’s second largest microfinance institution. The funds will address the financing needs of the low-income marginalized population in remote areas, nomadic herders and small businesses of Mongolia. This is the EBRD’s first project in this country.
Continue reading “The European Bank for Reconstruction and Development (EBRD) signs a $5 million microfinance investment loan to XacBank of Mongolia.”
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