XacLeasing

Mongolia Financial services

We are invested in XacLeasing through MicroVest GMG Local Credit Fund Limited, which is managed by MicroVest GMG Capital Management.

We do not hold direct relationships with the companies that investment funds invest in. Instead, we hold relationships directly with the fund. When investing through investment funds, CDC takes an active role as a limited partner to the fund, working with the fund manager to ensure best practices, including in environment, social and governance matters, and investment management oversight.

XAC Leasing is an equipment leasing company established in 2007 as a subsidiary of TenGer Financial Group, a reputable financial services group in Mongolia.

For further information on the fund, the fund manager, and the expected impact of the fund’s investment, click here.

Key facts

Status:
Active
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
Rest of the World
Countries:
Mongolia
Sector

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.

:
Financial services
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Intermediated investment
Fund:
MicroVest GMG Local Credit Fund Limited
Fund Manager:
MicroVest GMG Capital Management
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

:
July 2014
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
Mexico

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