Khan Green MSME

active

The proposed investment in Khan Bank LLC (Khan Bank or the Bank) is up to US$180 million, consisting of (i) a 5-year green bond to be privately issued by the Bank of up to US$50 million to finance eligible climate-related projects, comprising (a) IFC’s subscription of up to US$15 million, and (b) a mobilization of up to US$35 million; and (ii) a 5-year senior loan of up to US$130 million, comprising (a) up to US$70 million from IFC’s own account, and (ii) up to US$60 million mobilized from international lenders, to support the recovery and growth of micro, small and medium enterprises (MSMEs) in Mongolia, including women-MSMEs (the Project). The green bond will be the first green bond to be issued in Mongolia. The senior loan element of the Project may be supported by the Women Entrepreneurs Opportunity Facility (WEOF) and the Women Entrepreneurs Finance Initiative (We-Fi) as described in the Blended Finance Section.