Mongolia’s Golomt Bank has received a green loan from Saison Investment Management Private Limited SIMPL, the cross-border lending arm under Saison International, an international business division of Japan-based Credit Saison.
Proceeds of the loan, according to a media release, will facilitate Golomt Bank’s lending activity to micro-small and medium-sized enterprises MSMEs in Mongolia, with a specific green focus. Qualified activities include eco vehicles, green housing, and procurement of green products, as defined by the Green Loan Principles and Mongolia’s green taxonomy.
Further details of the green loan are not available due to commercial sensitivities, a spokesperson for Saison International said.
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