Xac Leasing

Subsidy : June 2018

XacLeasing is a leasing company established in 2017 in Mongolia.

Amount

€ 20,516.10

Type of investment

Subsidy

Beneficiary locations

Asia: Mongolia

Investment field

Financial Institutions

Activity

Non-Bank Financial Institution

Organisation

Xac Leasing

Website

https://xacleasing.mn/

Domicile

Mongolia

More investments in

Xac Leasing

Debt € 3,865,000.00 (2012-2018)
Debt € 4,333,800.00 (2018-2023)

XacLeasing is a recognized leasing provider in Mongolia part of the TenGer Financial Group. The focus of XacLeasing is on Micro, Small & Medium Enterprises (MSMEs) which are not able to provide external collaterals to commercial banks, and that value the flexibility and rapidity of tailor-made cash flow solutions. 92% of the portfolio consists in equipment leased to MSME’s.

The objective of this subsidy is an upgrade of the current Environmental and Social Management System of XacLeasing towards internal best practices applicable to the Leasing sector.

Expected impact:

Improved risk assessment and mitigation of social and environmental risks of the high-risk clients of XAC
An improved capacity and awareness of XacLeasing in E&S management
Through an improved E&S risk assessment and monitoring at the level of XacLeasing and its clients, a decline of financial risks in XacLeasings loan portfolio is expected