The majority of the facility will be dedicated to financing micro, small, and medium-sized enterprises (MSMEs) across Mongolia, with strong emphasis on supporting youth and women-led businesses, as well as clients engaged in the agricultural sector. The remaining portion will be directed toward promoting environmentally friendly and green businesses, and enhancing the production of wool and cashmere products – one of the key sectors of the Mongolian economy.

Since its establishment, XacBank has remained committed to fostering the growth and resilience of MSMEs. This financing marks an important milestone in empowering youth-led businesses, expanding opportunities for underserved sectors, and advancing innovative, sustainable, and climate-friendly solutions throughout the country.

For more info on MSME loans provided by the Bank, please visit https://xacbank.mn/en/business-loans