Golomt Bank secures Green Loan from Saison Investment Management

Continuing partnership between Mongolia’s Golomt Bank and Saison Investment Management Private Limited (SIMPL) aligns with the companies’ common goal of supporting green development, as part of Mongolia’s Vision 2050

Mongolia, Singapore, 6 Feb 2025, Golomt Bank today announced its second successful loan arrangement from Saison Investment Management Private Limited (SIMPL). SIMPL is the cross-border lending arm of Saison International, the Singapore-based international headquarters of Japan’s Credit Saison, a global financial company that is listed on the Tokyo Stock Exchange.

The proceeds of the loan will be focused on loans by micro-small and medium-sized enterprises (MSMEs) for the purposes of eco vehicles, green housing, procurement of green products and more as defined by the Green Loan Principles and according to the Mongolian Green Taxonomy. This also enables Golomt Bank to further its commitment to financing environmentally responsible projects in accordance with Mongolian Green Taxonomy while enhancing its suite of financial services.

"We are thrilled to partner with SIMPL once again, and to be SIMPL’s largest partner bank in Mongolia" Enkhzaya Bayarsaikhan, Head of International Banking Division of Golomt Bank. "This green loan represents a vital step forwards our mission to provide innovative financial solutions that not only empower individuals and communities but also protect our planet. By investing in sustainable projects, we can make a lasting impact on both the economy and the environment."

“Collaborating with Golomt Bank, a systemically important bank in Mongolia, is invaluable as the country continues to advance on its development goals. This initiative highlights our confidence in Mongolia's vast potential, especially within the micro-SME sector, which constitutes 90% of businesses and generates 50% of jobs. We are proud to reaffirm our commitment to this partnership through our maiden green loan, especially as it aligns with our focus of enhancing financial inclusion while contributing to Mongolia’s climate goals,” said Claudia Rojas, Senior Vice President at Saison Investment Management.

This green loan follows the initial tranche Golomt Bank received in April 2024 from SIMPL, which focused on promoting financial inclusion, water and sanitation as well as affordable and accessible health services to micro-SMEs and retail borrowers.

SIMPL operates with a commitment to foster inclusive growth in emerging and frontier markets by providing debt financing to specialized financial services providers, early-stage and tech-enabled companies that operate at the intersection of inclusion and innovation in emerging and frontier markets such as Cambodia, Mongolia, and more.