Informations et ressources scientifiques
sur le développement des zones arides et semi-arides

Accueil du site → Projets de développement → Projets 2016 → MSME Business Loan Program for GHG Emission Reduction Mongolia

2016

MSME Business Loan Program for GHG Emission Reduction Mongolia

Mongolie

Titre : MSME Business Loan Program for GHG Emission Reduction Mongolia

Pays : Mongolia

Durée : 15/12/2016 (approuvé) — 08/06/2022 (fin)

Descriptif
Supporting Mongolian enterprises embrace energy efficiency and renewable energy.
Ninety percent of Mongolian businesses are run by Micro, Small and Medium-Sized Enterprises (MSMEs). The majority of these enterprises use outdated and inefficient equipment, processes and buildings - resulting in relatively large emissions of greenhouse gases. One of the main barriers to low-carbon innovation is financial. The lack of accessible commercial finance by local banks impedes the ability of Mongolian enterprises to invest in energy efficiency and renewable energy.

This programme will provide XacBank, one of Mongolia’s leading banks, with an enhanced ability to support loans to Mongolian enterprises investing in energy efficiency and renewable energy projects. GCF’s USD 20 million contribution will be blended with other financial sources to fund low-carbon projects. This will help Mongolian enterprises adopt enduring, low-carbon business models - and help alleviate the current prevalence of high financing costs and relatively short-term loan periods. In accordance with GCF’s gender focus, at least half of the financial support will go towards women-led MSMEs.

The project has an estimated lifespan of 5 years.

Total project value : 60.0m

Green Climate Fund (GCF)

Page publiée le 30 septembre 2021