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Xac Bank Equity

Sector: Residential • Location: Mongolia

Source: International Finance Corporation (IFC)

Project
Active

The proposed investment (or the project) consists of a medium-term financing program of up to $15 million, to be made available in US$ and/or MNT. Such financing will be progressively committed over a three-year period in the form of equity, senior loans, partial credit guarantees (PCG), and/or syndicated loans to XAC-GE, the holding company of XacBank (the Bank), a leading microfinance institutio

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Project Information

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The project “Xac Bank Equity” is an infrastructure initiative in the Residential sector, located in Mongolia. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

Sponsoring Agency

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Company

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Status

Original status

active

Taiyo status

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Taiyo last update

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Available timestamps

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Contact

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Phone

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Email

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Address

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Description

Description

The proposed investment (or the project) consists of a medium-term financing program of up to $15 million, to be made available in US$ and/or MNT. Such financing will be progressively committed over a three-year period in the form of equity, senior loans, partial credit guarantees (PCG), and/or syndicated loans to XAC-GE, the holding company of XacBank (the Bank), a leading microfinance institution in Mongolia. The purpose of the funding is to support the ongoing growth of XacBank’s micro and SME lending portfolio, expand the Bank’s reach to new geographical regions and develop new initiatives.

Original sub-sector

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Original Currency

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Original budget

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Procurement method

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Location

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

Project Type

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Article Published Date

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