With a long-term credit line of USD 15 million OeEB supports the Mongolian XacBank in lending to micro-, small- and medium-sized enterprises (MSMEs).
The Mongolian private sector consists almost exclusively of MSMEs. Insufficient financing possibilities, however, hamper their business activities and development, as necessary investments cannot be made.
In working together with XacBank, OeEB contributes to reducing this bottleneck: local enterprises get access to financing which enables investments to be made. The funds provided by OeEB therefore strengthen the Mongolian economy and help secure and create jobs.
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