Golomt bank has successfully completed a second medium-term, USD 7.8 million-loan agreement with “Micro, Small & Medium Enterprises Bonds S.A.” of Luxembourg, a fund managed by Symbiotics S.A., a leading Swiss-based impact investment management company on June 23, 2022.
Symbiotics S.A. is the leading market access platform for impact investing, dedicated to financing micro- small and medium enterprises and low- and middle-income households in emerging and frontier markets. Since 2005, Symbiotics has structured and originated some 6,500 deals for over 520 companies in almost 95 emerging and frontier markets representing more than USD 6.5 billion. These investments have been purchased by more than 25 fund mandates and 50 third party specialized fund managers, forming a growing ecosystem and marketplace for such transactions.
Golomt bank is one of the leading banks in Mongolia with inceasing SME and retail customer segments across the country. Golomt bank aims to help its customers build sustainable businesses and, with this goal in mind, is working to bring favorable and diversified funding solutions to its customers.
Symbiotics S.A has been contributing to the expansion of Golomt bank’s international partnerships and supporting business growth, sustainable development and overall development of the Mongolian emerging market. We greatly appreciate Symbiotics S.A. for their tremendous contributions and continued support for our SME and MSME customers’ recovery and resilience.