By Rodion Kutsaiev on Unsplash
Invest in B2C and B2B financing companies offering affordable and accessible personal and business loans (i.e., small-size, low-interest rates and collateral-free) to serve the needs of the underserved population segments and MSMEs. Examples of companies active in this space are:
Business case: LendMN, established in 2006, is a consumer micro-credit service provider that has introduced the Fintech business model through its LendMN application. The application provides uncollateralized loans online at an interest rate of ~3-4% per month. As of 2022, the Company had 191,000 borrowers.
Numur Credit NBFI LLC, established in 2015, provides digital and conventional micro and small loan services and insurance coverage facilities to individuals and MSMEs. It supports women-owned businesses through its 'women empowerment program' which combines financing with business mentoring to ensure recipients have the resources, tools and network to grow their businesses.
Sendly NBFI JCS, established in 2015, is a licensed international money transfer service for Mongolians abroad. The Company has started cooperation with Golden Money Transfer, Prabhu Money Transfer and Moneytun companies, which have money transfer licenses in 31 states of the United States, and has launched online money transfer application SENDLY.
Increase financial inclusion and provide affordable and accessible financial services through fintech NBFIs to unbanked populations and businesses.