1 UN EXPERT CALLS ON MONGOLIA TO ADOPT LAW PROTECTING HUMAN RIGHTS DEFENDERS WWW.SCOOP.CO.NZ PUBLISHED:2020/12/03      2 MONGOLIA, TURQUOISE HILL FORCE RIO TINTO INTO OYU TOLGOI REVIEW WWW.MINING.COM PUBLISHED:2020/12/03      3 MONGOLIAN GOV'T REDUCES PRICE OF PROCESSED FUEL BY 50 PCT AMID PANDEMIC WWW.XINHUANET.COM PUBLISHED:2020/12/03      4 MONGOLIA REPORTS 11 NEW COVID-19 CASES WWW.MONTSAME.MN PUBLISHED:2020/12/03      5 BOEING'S UPDATED 737 MAX COMPLETES FIRST FLIGHT WITH MEDIA ONBOARD WWW.REUTERS.COM PUBLISHED:2020/12/03      6 CHINA COKING COAL SURGES AS COVID THROTTLES MONGOLIA BORDER WWW.BLOOMBERG.COM PUBLISHED:2020/12/03      7 BOM PURCHASES 1.7 TONS OF PRECIOUS METAL IN NOVEMBER WWW.MONTSAME.MN PUBLISHED:2020/12/02      8 MONGOLIA BENEFITS FROM CONFLICT BETWEEN CHINA AND AUSTRALIA WWW.NEWS.MN PUBLISHED:2020/12/02      9 MONGOLIAN COAL EXPORTS TO CHINA PARALYSED AS BEIJING DEMANDS VIRUS TESTING OF TRUCK DRIVERS WWW.INTELLINEWS.COM PUBLISHED:2020/12/02      10 TECK LOOKS TO BOOST CHINESE COAL SALES AMID STALLED AUSTRALIAN SHIPMENTS WWW.REUTERS.COM PUBLISHED:2020/12/02      ЭМЯ: НИЙСЛЭЛД БАТЛАГДСАН “КОРОНОВИРУС”-ИЙН ХАЛДВАРЫН ТОХИОЛДЛЫН 60 ХУВЬ НЬ 2 ДҮҮРЭГТ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2020/12/02     МОНГОЛБАНКНЫ ХУДАЛДАН АВСАН ҮНЭТ МЕТАЛЛ 21 ТОННД ХҮРЭВ WWW.NEWS.MN НИЙТЭЛСЭН:2020/12/02     БИЧИЛ БИЗНЕС ЭРХЛЭГЧДЭД ЖИЛИЙН 11%-ИЙН ХҮҮТЭЙ, 24 ХҮРТЭЛХ САРЫН ХУГАЦААТАЙ ХӨНГӨЛӨЛТТЭЙ ЗЭЭЛ ОЛГОЖ БАЙНА WWW.IKON.MN  НИЙТЭЛСЭН:2020/12/02     "1.4 САЯ ГАРУЙ ИРГЭНД 3 САЯ ТУН ВАКЦИН АВАХ АСУУДЛААР ASTRAZENECA, MODERNA КОМПАНИТАЙ ХЭЛЦЭЛД ХҮРЭХ АЖЛЫГ ЗОХИОН БАЙГУУЛНА" WWW.IKON.MN НИЙТЭЛСЭН:2020/12/02     446.4 МЯНГАН ТЭТГЭВЭР АВАГЧДАД 185 ТЭРБУМ ТӨГРӨГИЙГ АРИЛЖААНЫ ЗУРГААН БАНКААР ДАМЖУУЛАН ОЛГОЖЭЭ WWW.IKON.MN НИЙТЭЛСЭН:2020/12/02     ЭКСПОРТ ДОЛОО ХОНОГИЙН ХУГАЦААНД 71%-ААР БУУРЛАА WWW.IKON.MN НИЙТЭЛСЭН:2020/12/02     МАХНЫ НИЙЛҮҮЛЭЛТ НЭМЭГДЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2020/12/02     ИХ БРИТАНИД ВАКЦИНЖУУЛАЛТ ИРЭХ ДОЛОО ХОНОГООС ЭХЭЛНЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2020/12/02     ЦАГААННУУР БООМТООР ИРСЭН ШАТАХУУНЫГ 8 АГУУЛАХАД ХАДГАЛЖ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2020/12/01     МОНГОЛ УЛС “ASTRAZENECA”-ИЙН “COVID-19”-ИЙН ЭСРЭГ ВАКЦИНЫГ ХУДАЛДАН АВЧ МАГАДГҮЙ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2020/12/01    

A Tailored Solution to Support Small Business in Mongolia www.ifc.org

In Mongolia, lack of financing and capacity are key barriers for small business owners to grow and expand their businesses. The ongoing pandemic has further exacerbated the situation.

In response, IFC launched a series of strategic efforts to support Mongolian businesses since the outbreak. The latest initiative is an innovative Mongolia Tugrik (MNT)-denominated loan facility to Transcapital, which will ultimately benefit more than 15,000 micro and rural entrepreneurs.

“IFC’s innovative financing will allow us to expand our support to Mongolian micro and small enterprises while contributing to the nation’s effort to rebound from the COVID-19 crisis,” said Altanzul Zorigt, CEO, Transcapital.

The facility includes a three-year loan of about MNT 8.4 billion (about $3 million) from IFC’s own account and a syndicated loan of about MNT 25.2 billion (about $9 million) from impact investment funds. They include Invest in Visions GmbH, as arranged by German research agency, Agents for Impact GmbH and Co. KG, as well as BlueOrchard Finance Ltd.’s Microfinance Initiative for Asia, ACTIAM and Developing World Markets.
“This is the first time IFC has invested in a non-banking financial institution in Mongolia. This is also our first local currency syndication in the country. The financing signals our strong commitment to helping Mongolian enterprises in the recovery and rebuilding process in the wake of COVID-19,” said Rufat Alimardanov, IFC’s Resident Representative for Mongolia.



Published Date:2020-11-20