Trade and Development Bank (TDB), in collaboration with Mongolia’s leading e-commerce platform, Shoppy.mn, continues to introduce innovative services designed to support customers and partner organizations. This time, they have launched a working capital loan with favorable terms for businesses and individuals who sell products through the Shoppy.mn website.
This product offers significant benefits:
- No collateral is required.
- Loan decisions are made within 1–3 business days.
- Loans are based on the sales revenue generated through Shoppy.mn's online stores.
- Available to customers of any bank.
In November 2018, TDB and Shoppy.mn made history by introducing Mongolia’s first AI-powered e-loan service, allowing customers to purchase desired products via credit. In 2021, the service was upgraded, enabling customers to purchase goods worth up to 10 million MNT on credit. Last month, the collaboration introduced low-interest loans specifically for green products to promote environmentally friendly consumption.
Operating under the slogan "Let’s Add Joy", Shoppy.mn is well-known to thousands of users for offering products from reputable domestic and international brands. The platform now boasts over 700 partner organizations and nearly 600,000 users, making it one of Mongolia’s leading information technology and e-commerce companies, with a network of 10 specialized e-commerce systems.
TRADE AND DEVELOPMENT BANK