PROJECT

Projects

Summary of Investment Information

Project Number

50455

Company Name

AND Global

Date SPI Disclosed

Jan 9, 2025

Country

Mongolia

Region

East Asia and the Pacific

Projected Board Date

Feb 25, 2025

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

Jul 23, 2025

Department

Equity Portfolio Management

Industry

other

Previous Events

Approved : Apr 3, 2025
Signed : Jun 19, 2025
Invested : Jul 21, 2025

Sector

other

Project Description

IFC intends to lead AND Global’s Series B equity fundraising with a proposed equity investment of up to US$7 million. AND Global is a Mongolian MSME digital lender and global technology provider. The use of proceeds will be dedicated to sustaining the Company’s growth.

Associated Advisory Engagement

None.                                                   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation