Mongolia Green Finance Corporation

In its first stage, MGFC will target households living in peri-urban (Ger) areas of Ulaanbaatar (216,000 households), businesses transitioning to low-carbon and energy efficient practices (at least 127 designated entities) which are large energy users having the highest potential to reduce emissions and the Mongolian Financial Institutions (11 commercial banks), with a product pipeline that is complementary to existing GCF credit lines in Mongolia and positions the institution well, to build upon early successes to attract larger amounts of financing and extend the market impact. MGFC’s direct beneficiaries are expected to reach 104,602 people who will benefit from affordable and inclusive financial products. Once operational, MGFC will have the capacity to target additional markets in relationship with Mongolia’s climate change and green development commitments.