UN in Action

Mongolia's Best Practice For Microfinance

Mongolia's Best Practice For Microfinance

Mongolia’s transition from socialism to democracy has opened up new economic opportunities for its population. With assistance from UNDP MicroStart programme, Golden Fund for Development or X.A.C. is Mongolia’s first private micro-finance institution. By providing micro-credit, it fills an interesting niche in the financial market and helps Mongolians start or expand small scale businesses.(3'30)

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29585
Categories
News & Features / Features / UN in Action
Corporate Name
UNITED NATIONS DEVELOPMENT PROGRAMME - UNDP
Subject Topical
BUSINESS
FINANCE
SMALL ENTERPRISES
MAMS Id
UNA0750
Parent Id
UNA0750

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Mongolia’s transition from socialism to democracy has opened up new economic opportunities for its population. With assistance from UNDP MicroStart programme, Golden Fund for Development or X.A.C. is Mongolia’s first private micro-finance institution. By providing micro-credit, it fills an interesting niche in the financial market and helps Mongolians start or expand small scale businesses.(3'30)

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