📋 Tender Overview
Project ID: 53905
Status: In Exploratory, Pending Final Review
Location: Mongolia
Business Sector: Financial Institutions
Notice Type: Private
Environmental Category: FI
Approval Date: 05 Aug 2025
Disclosure date: 07 Aug 2025
Project Description
A senior unsecured loan of up to EUR 2 million (in MNT equivalent) in favour of Ashid Capital NBFI LLC ("Simple" or the "Company"), a new client and one of the leading microfinance organisations in Mongolia. The loan will be granted under the FIF in two equal tranches, of which the second will be uncommitted.
Project Objectives
Aligned with the FIF objectives, the project will provide medium-term local-currency financing to Simple for on-lending to private Mongolian MSEs, thereby helping to address the acute gaps highlighted in the Financial Sector Strategy and the Country Strategy for Mongolia. The project is expected to increase financing to local MSEs, ensure prudent lending practices and adequate portfolio quality of Simple and further strengthen ties with MCS Group (the country's largest conglomerate and the Bank's existing client), the Company's parent.
Transition Impact
ETI score: 60
The proposed MSE loan will contribute to the objectives of the FIF, supporting its Competitive and Resilient transition qualities.
