KhanLex advised European Bank for Reconstruction and Development on its up to MNT 10,0 billion (€2.9 million equivalent) loan facility to Mongolia’s leading micro lender – Transcapital NBFI LLC.
Transcapital, one of the first and largest microfinance institutions in the country, has been an EBRD client since 2013. The loan is one of the several that EBRD has provided to Transcapital over the years and will enable Transcapital to provide loans to micro and small enterprises in rural areas of Mongolia.
“We’re happy to assist EBRD, the largest financial investor in Mongolia, in its repeat financing of Transcapital.” said Enkhbat Batsukh, Partner, who led the KhanLex team on this deal. “This time the transaction was special as it benefits from the USD-MNT swap facility between EBRD and Central Bank of Mongolia signed in January 2021”.