Ulaanbaatar
Golomt Bank signs second 3-year loan agreement with Enabling Qapital Investment Fund
Economy
Ulaanbaatar /MONTSAME/. On June 17, 2021, Golomt Bank successfully completed second loan agreement with Enabling Qapital AG for medium term funding of USD 5 million. We are very happy that Enabling Qapital AG has bestowed trust in Golomt bank and continued to support our clients during the COVID-19 pandemic.
This second agreement not only ensured its strong cooperation with Golomt Bank’s international partnerships, but also offers diversified funding sources with impact and sustainability principle for its SME clients to support business growth, job creation and overall development of the market through all available mid to long term financing solutions.
Enabling 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.
Golomt Bank is a leading bank in Mongolia, with MNT 7.3 trillion in assets as of December 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.
