47934-001: Senior Loan to Khan Bank for Supporting Micro, Small and Medium-Sized Enterprises
Project Data Sheet (PDS): Overview
A senior loan of up to $40 million to Khan Bank (KB) to provide funding for MSMEs. MSMEs contribute 70 percent of GDP and employ half of the workforce in Mongolia. As such, they are important to the economic success of the country and to its efforts to diversify the economy. Being a large territory, Mongolia s geographical branch penetration is one of the lowest in the world at 0.67 branches per thousand square km making access to finance a challenge for MSME s. The proposed loan supports ... Read More
|Borrower/Equity Investment Name||–|
|Type or Modality of Assistance||
|Financing||Private sector (Nonsovereign)|
|Approval Date||30 Jun 2014|
|Closing Date||17 Oct 2016|
|Subsector||Small and medium enterprise finance and leasing|
Environmentally sustainable growth (ESG)
Inclusive economic growth (IEG)
Regional integration (RCI)
|Drivers of Change||
Gender equity and mainstreaming (GEM)
Governance and capacity development (GCD)
Knowledge solutions (KNS)
Private sector development (PSD)
|Gender Equity and Mainstreaming Categories||Category 3: Some gender elements (SGE)|
Indigenous People: FI
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