Swiss Investment Fund
for Emerging Markets

Strengthening the financial inclusion of SMEs in Mongolia

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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.

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More about the XacBank

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Latest News

“Real people doing real things”: SIFEM’s chairs in conversation at the EDFI Meeting in Lugano

As Jörg Frieden steps down after eight years as Chair of SIFEM’s Board of Directors, and Mirjam Staub-Bisang takes up the role, the outgoing and incoming chairs sit down together to reflect on impact, conviction, and the business of putting capital to good use.