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funding gap emerging markets

InvesCore NBFI 8

  • InvesCore NBFI
  • Invest in microfinance
  • + 720 other investors
  • With this investment of EUR 220,000 local partner InvesCore will provide 25 business loans for current and new clients in Mongolia. Main target clients are SMEs in the capital city and rural areas. **please note: this project contains an exchange rate risk EUR/USD)** 

    24 months
    6 months
    Maturity24 months
    Repayments6 months
      Fully funded in 69 days on 30 March 2023.

      The project

      About the company

      InvesCore NBFI JSC is a Fintech based micro-finance Company that was founded in 2016 and has been introducing advanced technology and providing innovative and swift services to its customers. As of today, we have 18 branches and 2 subsidiaries in Mongolia. Also, we have established 2 subsidiary companies in Kyrgyz Republic. In 2019, InvesCore held an initial public offering (IPO) worth of 15% of its total shares. Since the IPO the share price increased by 145% by the end of 2021. As of 2021, InvesCore and subsidiary companies are operating with 269 employees for over +80,000 customers.

      InvesCore is the largest non-banking financial institution in Mongolia in terms of loan portfolio, net income and assets (out of 531 FIs) with a loan portfolio of MNT 174 billion (approximately USD 60 million) by the end of the 2021 and 40% of loan portfolio is accounting for SMEs and business entrepreneurs.

      Regarding international expansion strategy, InvesCore is focusing on launching its business in the markets of Central Asia and South East Asia with the help of its digital lending solutions.

      Loan purpose

      With this funding, InvesCore will provide business loan for its current and new clients. Main target clients are SMEs in the capital city and rural areas.  

      In the capital city, InvesCore offers loan services to support micro, SMEs within the SMB program, which includes low-cost loans and comprehensive training and consulting. By the end of 2021, over 500 business individuals and 100 legal entities have received our loan products and other services. In 2021, InvesCore started the “Economic Recovery and Adaptability Loan Program” funded by Rio Tinto Mongolia LLC to provide ultra-low-cost funding to SMEs in Mongolia. Target group of this program are:

      • SMEs implementing an environmentally-friendly project
      • SMEs run by entrepreneur(s) with disability
      • SMEs run by women entrepreneur(s)
      • SMEs run by single parent
      • SMEs carrying out import-substituting business.

      Our business loan term ranges from 24-36 months with monthly principal and interest repayments. Monthly interest rate ranges 2.2%-2.9% in Mongolian tugrik currency. Our internally developed Loan Origination System (LOS) ensures and collects the client’s information from state data base connection. LOS helps to save time for customers from collecting required documents and the automation process eliminates human related errors.


      Our mission is to provide innovative financial products and swift services with seamless professionalism and be the reliable financial assistant to our customers.


      We will provide innovative products and services in the financial markets of developing countries worldwide and create a reliable financing to support individuals and small and medium-sized enterprises.


      Recognised as the “Best Investor” award by the Association of Mongolian NBFI from 2018 to 2020

      “Excellence Service Entrepreneur” by Forbes in 2019

      “Outstanding NBFI” award by Mongolian Chamber of Commerce in 2018, 2019, and 2021.

      Company nameInvesCore NBFI
      CEOBayasgalan Dalaijamts
      SectorFinancial services
      Credit score3.44


      InvesCore is a microfinance institution in Mongolia. Its portfolio is currently divided between 30% rural and 70% urban clients. They aim to fully digitalize consumer products to focus all their attention on business loans and become more impact-oriented. InvesCore developed an automated process for traditional loans, which reduces manual work by 80%, leading to faster loan processing and increased accessibility for entrepreneurs.

      InvesCore's digitalization efforts empower entrepreneurs, including women, by providing easier access to financial services, promoting gender equality, and supporting the growth of small businesses in the local economy.

      Last year, over 1200 SME owners received business loans of whom more than 250 were female entrepreneurs.

      Access to finance is an effective tool against poverty. Besides the entrepreneur who benefits from the loan, everyone who is involved with their business feels the positive effect of the financing. When a business can grow, entrepreneurial activity increases and jobs are created. This leads to a decrease in emigration and gives people the opportunity to improve their living conditions.


      SDGs impacted

      With this project you are contributing to the following Sustainable Development Goals:

      SDG 1 - No poverty

      SDG 8 - Decent work and economic growth

      Read more about the impact you can make through our platform and the SDGs on our impact page.


      Related blog posts

      • Learn more about InvesCore in their introduction blog post.
      • Want to learn more about how financial inclusion can thrive entrepreneurship? Read here.
      • Wondering which other microfinance institutions we have in our portfolio? Check them out here.
      • With this investment 25 jobs are created
      • With this investment 100 lives are improved

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      We have already contributed to InvesCore NBFI 8

      Robert Roose
      Olaf Janssen
      Liesbeth Dorama
      Ron van Eijk
      R.E. Hulshof
      + and another