47930-024: MON: SENIOR LOAN TO TENGER FINANCIAL GROUP FOR SUPPORTING MSMEs AND LEASING FINANCE

Project Data Sheet (PDS): Overview


Description

Senior loan of up to USD10,000,000 to TenGer Financial Group (for onlending to XacLeasing) for supporting Micro, Small, Medium-Sized Enterprises and Leasing Finance in Mongolia. Development of micro, small, and medium-sized enterprises (MSMEs) is critical for the diversification of Mongolia s economy, which relies heavily on the mining industry. Read More

Country Mongolia
Borrower/Equity Investment Name TENGER FINANCIAL GROUP
Project Number 47930-024
Project Type or Modality of Assistance PS
Financing Private sector (Nonsovereign)
Status Approved
Approval Number 7402
Approval Date 12 Dec 2013
Geographical Location Mongolia
Sector / Subsector Classification Not yet classified
/ For Classification
Thematic Classification Not yet classified
Safeguard Categories Environment: FI
Resettlement: FI
Indigenous People: FI

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Project Data Sheets (PDS)

Responsible ADB Officer
Paul Robert Flegler
Request for information

Responsible ADB Department
Private Sector Operations Department

Responsible ADB Divisions
Private Sector Financial Institutions Division

PDS Creation Date
21 Feb 2014

Last PDS Update
01 Apr 2014

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