To expand digital lending for small and medium enterprises (SMEs) in Mongolia, including women-owned businesses, IFC and M bank, Mongolia's first digitally focused bank with a branchless model, joined forces to launch an innovative program in Ula
The European Bank for Reconstruction and Development (EBRD) and Khan Bank one of the largest commercial banks in Mongolia are teaming up to develop a financial instrument for the Mongolian market under the rubric value chain finance , to improve access to finance for small businesses and to help strengthen value chains in the country.
On 19 October 2012 the Mongolian Bankers Association (MBA), in collaboration with the International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (EBRD), hosted a half-day roundtable to discuss reforms needed in Mongolia to provide small and medium-sized enterprises (SMEs) and other borrowers with wider access to finance.
The European Union (EU) and the European Bank for Reconstruction and Development (EBRD) are joining efforts to help Mongolia diversify its economy with a new EUR3.8 million programme dedicated to SMEs, launched in Mongolia s capital Ulaanbaatar.
