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This loan is designed to support rural savings and credit cooperatives based on the cooperation agreement with the Association of Rural Microfinance Development which consists of 61
Savings and Credit Cooperatives throughout Mongolia.

Loan type Wholesale loan product – a loan up to 50% of total assets; loan backed by fixed and current asset used as collateral
Loan size An amount up to or equal to 50% of total asset
Loan period 12 months
Interest rate 1.8%-2.0%
Commission fee
General requirements and conditions
  • Must have a history of continual business operations for no less than 1 year prior to loan application
  • Must have an accounting system set up in its operations
  • Total risky loan portfolio no more than 5% of total loan portfolio
  • Must have the ability to repay the loan
  • Must not have a payment obligation to other financial institution
Required documents
  • Client application form /NBFI form/
  • Loan application form /NBFI form/
  • Business related documents /Certificate of entity, special permissions, company charter/
  • Valid identification card of the CEO
  • Document entitling the CEO to request and make loan contract and accrediting the CEO temporary ownership of company assets on behalf of the entity
  • A copy of financial statement for the previous year, Sales contract, performance contract, account statements
  • List of assets to be used as collateral
  • Other supporting documents, if necessary