• Public company, limited liability company, or cooperative registered under relevant Mongolian law(s)
• Registered in Mongolia with more than 50% shares held by Mongolian partner/shareholder
• At least 2 years in operation (except start-up but proven business models and supported by Project participating banks)
• Net profit margin greater than 2.5% based on financial statements of last 3 years
• Sufficient collateral for proposed VCI sub-loan amount
• Own financing at least 15% of the total VCI subproject cost either in cash or in kind
• Estimated economic internal rate of return for the VCI higher than 12%
• Confirmed established and reliable source(s) for raw materials
• VCI subproject site, if required, acquired or leased through contract between buyer and seller, substantiated by official land lease contract
• The environmental assessment has been conducted
• Subproject does not have negative environmental impact and comply with Mongolian and ADB’s environmental requirements

Additional requirements for 2 other sub-sectors

Leather sub-category:

• Primary processing factory in other city except UB, rural area, or primary processing factory located in UB moved from UB
• To deepen processing (crust), or make following steps of processing
• As for leather product manufacturer, to use more leather that processed in domestic market by Value-added Chain Investment sub-project
• To have quality control personnel and unit that cover entire manufacturing process (applies to all companies who are interested to participate)

Wool, cashmere sub-category:

• Yarn, knitting production project
• As for knitting product manufacturers proposed Value-added Chain Investment must be dedicated for export
• Washed, combed wool, cashmere manufacturers: a) has been exporting in the last 3 years to make brand development in collaboration with only internationally famous brand b) if export sales can increase by 20% within 3 years after receiving Value-added Chain Investment sub-project loan
• To have a quality control personnel and unit that cover the entire manufacturing process (applies to all companies which are interested to participate)
• Entities that are cooperating with Mongolian processing and end product manufacturers within the sector and other sectors. This applies to all companies who are interested to participate.

• Formal letter requesting loan, application form
• Past 3 years of financial statements
• Certificate of incorporation of entity and company charter
• Documentation related to the property to be pledged as collateral
• Documents evidencing the intended use of loan, its related agreements
• Other documents if required