Tenger Financial Group Recieves 3.0 Billion USD Loans from Incofin
January, 2011 Ulaanbaatar, Mongolia. TenGer Financial Group LLC (TenGer), a leading financial group of Mongolia offering inclusive financial services, is pleased to announce that it has received direct loans from CPP-Incofin CVSO and Volksvermogen NV, Belgium based fund management companies, in the total amount of USD 3.0 million. The loans are the first direct loans made to TenGer and will be utilized to promote SMEs and domestic industry.
Founded in 1999, TenGer Financial Group is a regional family of companies, which includes XacBank, XacLeasing, XacSecurity, HNS and TenGer Insurance built to provide fair access to broad financial services to their Customers.
Iincofin is a Belgium based fund manager, managing four investment funds, and invests in institutions that help enterprising people to set up their own business and thus get a chance to improve their living conditions.