WorldBusiness Capital Closes $15 Million OPIC-Guaranteed Loan to Golomt Bank in Mongolia
October 18, 2017
ULAANBAATER, MONGOLIA – WorldBusiness Capital, Inc. (WBC) announced the closing of a $15 million, 8-year commercial loan to Golomt Bank of Mongolia. WBC’s loan is guaranteed by Overseas Private Investment Corporation (OPIC), the U.S. Government agency that helps American businesses invest in emerging markets. The financing will provide a stable, long-term funding source for Golomt to support its lending to small and medium-sized enterprises (SMEs) throughout Mongolia, primarily businesses in the agribusiness sector.
