Empowering youth-led MSMEs in Mongolia

XacBank is a universal Mongolian bank with a primary focus on retail clients and MSMEs, serving a broad customer base across the country. It is the 4th largest commercial bank in the country by assets.

ILX participated in a syndicated loan originated by EBRD that supports the bank’s on-lending to youth-led MSMEs. This enables increased access to credit for younger entrepreneurs, supporting business development and strengthening financial inclusion in Mongolia.