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Mongolian dairy consumers and producers will benefit from a five-year local currency loan for a USD 12 million equivalent to the long-established company Suu JSC, also known as Suu Milk, for the expansion of its business.
The facility comes under the EBRD’s Risk Sharing Facility (RSF) with Xacbank, a Mongolian banking and financial services company. The EBRD, which will share risk on individual loans made by Xacbank, will provide up to 65 percent of the loan amount, while Xacbank will contribute the remaining 35 percent.
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