InvesCore NBFI JSC
Status: Approved investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer?
InvesCore NBFI JSC, founded in 2014, is the largest non-bank financial institution (NBFI) in Mongolia, accounting for 13% of the sector's assets and loan portfolio. In 2024, it operated 16 branches and 7 business centers, serving over 82,000 clients primarily in Mongolia, with a presence in Central Asia through a network of subsidiaries. InvesCore offers a diverse range of financial products with a strong emphasis on lending to micro-, small-, and medium-sized enterprise (MSME) segments.
What is our funding objective?
The financing facility is a senior loan equivalent to USD 20 million in MNT, with a tenor of five years. At least ten percent (10%) of the funding will be allocated to support InvesCore’s green initiatives, following the FMO Master Green List. The remaining ninety percent (90%) will be dedicated to micro sub-loans or small and medium-sized enterprise (SME) sub-loans for underserved agricultural, rural, women, or youth SMEs.
Why do we fund this investment?
The facility promotes financial inclusion and climate action goals. Development of SMEs is critical for the diversification of Mongolia’s economy, which relies heavily on the mining industry. The Green finance component will support initiatives that contribute to environmental sustainability. The facility has a 10% Green and a 90% RI label.
What is the Environmental and Social categorization rationale?
The project has been categorized as E&S Category C, following FMO’s Sustainability Policy. Focusing primarily on MSMEs, InvesCore maintains minimal exposures to corporates and high-risk sectors with no exposure to activities on FMO’s exclusion list or transactions triggering IFC Performance Standards (PSs). InvesCore has a functioning Environmental and Social Management System (ESMS) in place.
- Website customer/investment
- https://invescore.mn/en
- Region
- Asia
- Country
- Mongolia
- Sector
- Financial Institutions
- Publication date
- 7/29/2025
- Effective date
- 7/8/2025
- Total FMO financing
- USD 20.00 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - C