TianRong Credit

Urumqi TianRong Microcredit Company is a joint venture of between TenGer Financial Group, IFC, MAK, Xinjiang Longhaida and Shanghai Junhe from China. TFG’s flagship subsidiary XacBank is a leading micro, small and medium enterprises finance provider in Mongolia and a globally recognized microfinance bank. IFC has been a long-term partner of TFG and XacBank since 1999.

TianRong is the First Sino-Mongolia Micro Finance Institution that is expected to open its first branch Fall of 2012 and provide loans worth more than $200 million to around 15,000 small businesses in the next couple of years.

By author: admin - Oct 16, 2012 / Categories: Companies