Project Notice |
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| PNR | 68145 |
| Project Name | FIF - CA YiB - Transcapital Youth in Business loan II |
| Project Detail | Location: Mongolia Project number: 56038 Business sector: Financial institutions Notice type: Private Environmental category: FI Approval date: 28 Jan 2025 Status: Approved English-language PSD published: 04 Feb 2025 The provision of second senior unsecured loan of up to US$ 1.5 million (in MNT equivalent) to be provided under the FIF Youth in Business Programme in Central Asia (YiB CA) in favour of Transcapital NBFI LLC (TCMN or the Company). Project Objectives The proceeds of the Banks loan will be used for on-lending to eligible micro, small and medium-sized enterprises led by young people under the age of 35 (Youth MSMEs) in line with the eligibility criteria set forth in the YiB CA Policy Statement. In addition, TCMN will track all beneficiaries under the YiB CA by gender and has committed to ensuring that at least 30 per cent of all sub-borrowers will be women. |
| Funded By | European Bank for Reconstruction and Development (EBRD) |
| Sector | Banking & Finance |
| Country | Mongolia , Eastern Asia |
| Project Value | MNT 1,500,000 |
Contact Information |
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| Company Name | TRANSCAPITAL NBFI LLC |
| Web Site | https://www.ebrd.com/work-with-us/projects/psd/56038.html |
