47934-001: Senior Loan to Khan Bank for Supporting Micro, Small and Medium-Sized Enterprises

Project Data Sheet (PDS): Overview

Description

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

Country Mongolia
Borrower/Equity Investment Name
Project Number 47934-001
Type or Modality of Assistance PS
Financing Private sector (Nonsovereign)
Status Approved
Approval Number 214/3136
Sector Finance
Subsector Small and medium enterprise finance and leasing
Strategic Agendas 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)
Partnerships (PAR)
Private sector development (PSD)
Gender Equity and Mainstreaming Categories Category 3: Some gender elements (SGE)
Safeguard Categories Environment: FI
Resettlement: FI
Indigenous People: FI

 

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