XAC Leasing


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

In Mongolia, capital markets remain underdeveloped and banks are often unable or unwilling to undertake long-term lending to SMEs. Banks lend to larger, established businesses with well-developed balance sheets and credit histories. Most SMEs are on the contrary cash-flow oriented, and lack the organized historical financial records and/or collaterals needed for conventional bank financing. For these businesses seeking long-term finance to acquire the tools and equipment needed to support their growth and expansion, leasing is an attractive option.

Independent leasing player such as XacLeasing focus for competitive reasons on the specific needs and constraints of SME clients, with added flexibility, better understanding of their needs and using a different approach to credit analysis (cash flow rather than balance sheet based). This niche strategy has proven to be effective in numerous developed and developing economies, and to provide the biggest benefits in terms of development impact and sustainable job creation.

BIO’s 5 million USD investment is aimed at the growth of the SME lease portfolio of XacLeasing. It will be accompanied by a technical assistance package to support the implementation of leasing best practices and improvements in the Company’s risk management framework, through on-the-job coaching by a recognized leasing expert.

Website: www.xacleasing.mn

  • Investment amount (€):

    USD 5 million

    Leasing company

  • Contract signature :


  • Nature of intervention :


  • Development impacts :

    • 1 — Job creation
    • 2 — Capacity building at the company level
    • 3 — Improve access of local SMEs to financing