SIFEM is providing a USD 10m loan to XacBank, entirely ring-fenced to micro and SME borrowers. It will foster financial inclusion by increasing access to finance in rural areas and contribute to diversification and long-term sustainability of the Mongolian economy through job creation, financial sector deepening and financial innovation.
Strengthening the financial inclusion of SMEs in Mongolia
SIFEM is providing a USD 10m loan to XacBank, entirely ring-fenced to micro and SME borrowers. It will foster financial inclusion by increasing access to finance in rural areas and contribute to diversification and long-term sustainability of the Mongolian economy through job creation, financial sector deepening and financial innovation.