Symbiotics - Extending access to credit to SMEs, microfinance’s next challenge
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Extending access to credit to SMEs, microfinance’s next challenge

Wednesday 30th, November 2016

Interview with Daniel von Moltke, Symbiotics Director of Asset Management

Source: Market (French)
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Mr. Nyamsuren, an enterprising businessman from Ulaanbaatar, owns several lines of businesses in the production of building materials and freight forwarding. He used to work for a company that refurbished used shipping containers and transformed them into affordable shelters for the local market. Today, with his family, he runs a concrete manufacturing business that provides employment to more than 100 locals. For this business, he leases construction vehicles from Xac Leasing.

“Without many alternative options from financial institutions in Mongolia for the development of the construction sector, I am glad to still have the lifeline from Xac Leasing”

 

Mr. Nyamsuren, Mongolia