The Trade and Development Bank of Mongolia (TDB) and the German Agency for International Cooperation (GIZ) have signed an agreement to jointly implement the "SFME" project. This initiative aims to empower small and medium-sized enterprises (SMEs) in Mongolia and enhance their access to sustainable financing.
Scheduled to run from March 2024 to June 2026, the project is designed to support Mongolia’s sustainable development and green future objectives. Its core focus is to increase financial inclusion for SMEs. Key activities under the project include improving SMEs' financial literacy, training TDB personnel working with SMEs to meet international standards, and raising awareness of sustainable financing through workshops, seminars, and meetings. The project will also deliver specialized consultancy services and promote multi-stakeholder cooperation.
The initiative is co-funded by TDB and GIZ under the German Federal Ministry for Economic Cooperation and Development (BMZ)’s DeveloPPP.de program, which fosters partnerships between public and private sectors.
About BMZ’s DeveloPPP Program and GIZ
The DeveloPPP.de program operates on a partnership model, funding and implementing impactful projects in collaboration with the private sector to generate positive societal outcomes. GIZ serves as the implementing organization, managing development projects financed by the German government.
About TDB
As part of its "Customer-Centered Bank" strategy, TDB focuses on attracting sustainable and targeted financial resources from international banking and financial institutions. The bank is committed to financing SMEs, empowering clients, and supporting business expansion. Its initiatives include creating a robust financial ecosystem, introducing both traditional and advanced financial products and services to the market, and expanding the SME segment within Mongolia.
TDB also actively supports environmentally and socially responsible activities. The bank requires its clients to implement practices that uphold human rights, labor rights, and environmental management. Through close collaboration, TDB helps clients mitigate environmental and social risks, contributing to its ultimate goal of becoming a "Green Bank."
TOGETHER TOWARDS SUSTAINABILITY