BID Financial Group Secures USD 3 Million in Financing

BID NBFI has successfully secured USD 3 million (MNT 10.8 billion equivalent) in financing from the international market through Developing World Markets (DWM), a US-based impact investment firm. DWM specializes in impact investments across emerging and frontier markets, with a focus on private credit and financial inclusion.

The financing will be used to expand the company’s lending operations and to increase access to finance for individuals and micro, small and medium-sized enterprises (MSMEs), including merchant businesses.

The transaction follows two earlier international financings secured by BID NBFI: MNT 8.2 billion (EUR 2 million equivalent) through the Grameen Crédit Agricole Foundation, a France-based international financial institution, and MNT 8.99 billion (USD 2.5 million equivalent) in local-currency financing through Agents for Impact, a Germany-based impact investment and financial services firm. Both facilities are aimed at expanding access to finance for micro, small and medium-sized businesses and supporting their growth. 

As of the first quarter of 2026, 578 licensed NBFIs were operating in Mongolia, with total assets equivalent to 11.3% of the banking sector’s assets. As the sector grows, international impact investors are becoming an increasingly important source of funding for NBFIs that serve individuals and MSMEs with limited access to bank financing.

Mongolia’s non-bank financial sector has expanded rapidly in recent years. Total assets of the sector reached MNT 9.1 trillion at the end of 2025, up 27.4% year-on-year and equivalent to 10.1% of GDP. 

Deal highlights:

Financing: USD 3 million / MNT 10.8 billion equivalent

Financing partner: Developing World Markets (DWM), United States

Target segment: Individuals and MSMEs, including merchant businesses

Focus: Loan portfolio expansion, access to finance and business growth