As announced earlier Ard Credit entered into a partnership agreement with the Crowd Credit of Japan last February for MNT denominated debt financing equivalent to USD5 million.
We are pleased to report that the first tranche of the funding of MNT 800 million has been deposited into the Ard Credit bank account.
The funding will be used to finance the expansion of Ard Credit’s loan portfolio. Recently, the company introduced Ard App – a digital banking application which enables self-enrollment and AI based credit scoring, and instantaneous loan disbursements without branch visits and paperwork. Online loans with the lowest fees and interest rates in the market can be disbursed within minutes with the help of the application. Products and services of other subsidiaries of Ard Holdings are being integrated into the App as well.
Crowd Credit provides debt capital to peer to peer lending platforms, balance sheet lenders, microfinance institutions, leasing/factoring originators or infrastructure, renewable, Development Project on a global basis through its crowd funding platform in Japan.
Ard Credit NBFI JSC is a national company, invested by Ard Financial Group JSC, established in April 2011 with the purpose of supplying micro and small loans more inclusive and accessible by leveraging innovative technologies and is one of the leading non-banking financial institutions operating in Mongolia.
For further information please contact us.
HQ address: Ard Holdings, Prime Minister Amar Street, Suhbaatar district, 8th horoo, Ulaanbaatar, Mongolia. w3w: powerful.gains.animates
Central tower branch address: Suhbaatar square-2, Suhbaatar district, 8th horoo, Ulaanbaatar, Mongolia. w3w: animate.softest.screeches
Phone: 7707-3322, 77078080