Khan Bank has successfully concluded financing agreements with two funds managed by Developing World Markets (DWM) for 12 million USD and long-term financing agreements with four funds managed by responsAbility Investments AG for 8 million USD, obtaining a total of 20 million USD.

Khan Bank will use these funds to support the business activities of our micro, small, and medium-sized enterprise (MSME) clients. Within the framework of our sustainable development policies, we are focusing on supporting socially responsible businesses by providing services that meet our clients’ financial needs, impact their business growth, and increase employment.

Speaking on behalf of responsability, Ashish Malik, responsAbility’s Investment Officer: We are elated to work again with KhanBank to support the development of micro & small enterprises in Mongolia.

1. Erdenedelger, Deputy CEO of Khan Bank, commented, “We are very pleased and proud to further extend our collaboration with the DWM and responsAbility Investments AG with this additional funding under our facility agreement. The funding we will allow us to further accelerate investments social responsibility and sustainable development policy, which is fully utilized for supporting small and medium-sized enterprises clients through working capital loans and long-term investment loans”

About Khan Bank

Khan Bank has been providing banking products and services to 82 percent of the population, or about 2.7 million customers, through its digital channels and 547 branches nationwide. Khan Bank supports MSMEs, the key drivers of the country’s economic growth, by offering business loan products and non-financial services such as customer training, advisory services, and consulting services through its Business Support Centers.

About “DWM”

Founded in 1994, Developing World Markets (DWM) seeks investible solutions that sustainably address the social, environmental, and economic needs of the developing world. DWM began impact investing in 1999 and shifted exclusively to impact in 2007. DWM has over two decades of experience in emerging and frontier markets. Through DWM Asset Management, LLC, the firm’s SEC-registered investment adviser, DWM has originated and managed over $2.2 billion of private debt and private equity in impact-oriented enterprises, including over 900 loan disbursements and 25 private equity stakes in more than 70 emerging and frontier countries.

About “responsAbility Investments AG”

responsAbility Investments AG is a leading impact investor focused on private debt and private equity across emerging markets. Founded in 2003 and headquartered in Zurich, it has invested over USD 12 billion since inception and has a strong performance track record. With over 200 employees, collaborating from seven offices, the company invests across three distinctive themes to directly contribute to the United Nations Sustainable Development Goals (SDGs): Financial Inclusion, to finance the growth of Micro & SMEs; Climate Finance, to contribute to a net zero pathway; and Sustainable Food, to sustainably feed an ever-growing population. responsAbility is part of M&G plc, the international savings and investments business, and contributes to enhancing M&G’s capabilities in impact investing.

Khan Bank – Growing together