Aiming to empower small and medium-sized enterprises (SMEs) in Mongolia and improve access to sustainable financing, the Trade and Development Bank (TDB) and the German Agency for International Cooperation (GIZ) have signed a project implementation agreement for the "SFME" project.
This project, set to run from March 2024 to June 2026, focuses on supporting SMEs as part of Mongolia’s commitment to sustainable development and a green future. Its objectives include enhancing financial accessibility for SMEs, improving their financial literacy, and strengthening the capacity of professionals working in SME banking to meet international standards.
Under the project framework, a series of trainings, seminars, and meetings will be organized to raise awareness about sustainable financing. In addition, specialized advisory services and initiatives aimed at fostering multilateral cooperation will be implemented. The project also emphasizes capacity-building efforts and collaboration between SMEs and financial institutions.
The project will be jointly implemented by GIZ and TDB under the Federal Republic of Germany’s DeveloPPP.de program, initiated by the Federal Ministry for Economic Cooperation and Development (BMZ). The program aims to foster partnerships between the public and private sectors, with co-financing from Mongolia’s Trade and Development Bank.
Federal Ministry for Economic Cooperation and Development (BMZ) of Germany’s DeveloPPP Program and Implementing Agency GIZ
The DeveloPPP.de program operates based on the principle of partnership, co-financing, and implementing projects with the private sector that create positive societal impacts. GIZ serves as the implementing organization, managing development projects funded by the German government.
Trade and Development Bank (TDB):
TDB, under its strategy of becoming a “customer-centric bank,” focuses on mobilizing sustainable and targeted funding from international banking and financial institutions to finance small and medium-sized enterprises (SMEs), empower its clients, and support business expansion.
As part of these efforts, TDB aims to establish a robust financial ecosystem, introduce both traditional and innovative financial products and services to the market, and expand its reach in the SME segment.
Additionally, TDB is dedicated to financing environmentally and socially responsible operations. It requires clients to implement human rights protections, labor rights safeguards, and environmental management practices. Through close collaboration, the bank helps reduce its clients' environmental and social risks, contributing to its vision of becoming a “Green Bank.”
Together Towards Sustainability