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.”
Similar Posts:
- MICROCAPITAL BRIEF: Uzpromstroybank (UzPSB) Borrowing $15m from EBRD for SMEs in Uzbekistan
- MICROCAPITAL BRIEF: Reefy Microfinance Borrows $6.5m from EBRD for Youth-led MSMEs in Egypt
- MICROCAPITAL BRIEF: EBRD Loaning $5m to ING Finansal Kiralama for Leasing for Energy Efficiency, Renewables in Turkiye
- MICROCAPITAL BRIEF: EBRD Loans $4.4m to KEP Trust of Kosovo with Focus on Rural, Women-led MSMEs
- MICROCAPITAL BRIEF: EBRD Loans $21m to BMCI of Morocco as Part of Women in Business (WiB) Program
