Mongolian Mortgage Corp. to tap $150M to expand underserved mortage financing access.
The U.S. International Development Finance Corporation today announced it has approved six new transactions since the beginning of January 2025 at the board and sub-board levels. The transactions total nearly $1 billion and advance the agency’s development and foreign policy mission. The newly announced investments bring DFC’s total approved projects in Fiscal Year 2025 to nearly $4 billion.
One of the target transaction is directed towards mortage financing for underserved communities in Mongolia: A $150 million loan to Mongolian Mortgage Corporation will expand access to housing, empower women borrowers, and support underserved communities including low-to-middle-income families in Mongolia. As urbanization accelerates, this initiative will promote access to homeownership and promote stability across the country.
Source: DFG.gov
Click to read the full media release.