![](https://painestevens.com/wp-content/uploads/2024/05/29-June-2023-–-Mongolia.jpeg)
We have advised Asian Development Bank in relation to its US$10 million loan facility for Mongolian non-bank lender InvesCore NBFI JSC for the financing of micro, small, and medium-sized enterprises. Half of the facility will be funded by B Loans, with ADB as the lender of record. The loan facility provides for a significant proportion of the facility to be disbursed in local currency.