Golomt Bank secures a medium term funding from Enabling QapitalEconomy
Ulaanbaatar /MONTSAME/. On
September 2, Golomt Bank signed a 3 year loan agreement for USD 5 million with Enabling Qapital
AG as part of our bank's commitment to support our clients and deliver
diversified funding sources to harbor growth.
Golomt bank is
dedicated to expand its international partnerships and deliver diversified
funding sources with impact and sustainability principle for our SME clients to
support business growth, job creation and overall development of the emerging
market through all available mid to long term financing solutions.
Qapital AG advises the Enabling Microfinance Fund
which is an impact investment fund located in Ruggell, Liechtenstein founded in
2008 with an aim to support promising, responsible, profitable and sustainable
Micro, Small and Medium Enterprise Financing Intermediaries that focus on
achieving social impact. Enabling Qapital AG enables access to capital
where it is needed most and to promote financial inclusion to people in
developing economies currently overlooked by the financial system.
Bank is a leading bank in Mongolia, with MNT 6 trillion in
assets as of June 31st, 2020 serving corporate, SME and retail
customer segments across the country. Golomt Bank aims to help its clients
build sustainable businesses and with this goal in mind, Golomt Bank is working
to bring favorable and diversified funding solutions to its clients.
Source: Golomt Bank