She Tech loan

She Tech loan

The European Bank for Reconstruction and Development is Central Asian Women in Business Programme will be used to purchase software, equipment, and hardware solutions registered on the Digital Technology Selector (DTS) platform to automate the business operations of women entrepreneurs and expand their digital activities.
Duration
Up to 60 months
  • Maximum loan amount 20 million – 1 billion
    Loan interest /annually/ 18.0%-19.2%
    Loan currency MNT
    Term Up to 60 months
    Collateral Must provide collateral according to the bank’s requirements
    Loan origination fee 0.5%
    Payment for amending the loan agreement 0.3%
    Application fee 10,000 MNT
    Incentive Receive a cashback equal to 10% of the loan amount, up to a maximum of $30,000
    • Be a Mongolian citizen or an entity registered in Mongolia that runs business operation in the territory of Mongolia
    • Must have 5-250 employees
    • In the case of a private limited company
    1. A private limited company must be 51% or more owned by women or
    2. A private limited company must be 20% or more owned by women and the executive management must be women
    • Meet the requirements of other banks
    • Loan Application
    • State registration certification of business entity and company charter
    • Resolution from Board of Directors, and minutes of Shareholders’ meeting evidencing the authorization of loan application
    • Original or notarized copy of ID card of the authorized personnel and 1 passport-sized photo taken within the last 6 months
    • Documents of the property to be pledged as collateral
    • Audited financial statements, financial statements confirmed by the taxation office, and other documentation for proof of income and expense
    • Documents evidencing the intended use of the loan, related agreements
    • Proof of loan history, loan agreements and payment records of the past 3 years
    • Others

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