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Mercy Corps and Khan Bank signed a partnership agreement on Mercy Corps’ Livestock Business Development Project in Khentii aimag

On June 6th, 2019 Mercy Corps Mongolia’s Country Director, Ms. Wendy Guyot, signed a partnership agreement with Khan Bank’s Vice President of Retail Business Development Mr. Javkhlan. T. The signing marked the beginning of the “Livestock Business Development Project” which will be implemented in Khentii aimag targeting micro to small businesses engaged in the meat production value chain.

The Livestock Business Development Project will provide needs-based business consulting to the selected 10 beneficiary businesses in order to improve their financial management and operational management practices. Khan Bank will take a role in supporting the consultation process as well as providing a subsidized business loan to businesses who successfully complete the consultation program. Overall, the project aims to improve the financial inclusion and operational performance of rural livestock businesses by providing them business development support.

During the signing, Khan Bank’s Vice President of Retail Business Development Mr. Javkhlan. T expressed the need to further develop the Mongolian livestock sector in order to make it become the primary sector of the Mongolian economy, he also mentioned Khan Bank’s role in contributing to this development process. Mercy Corps Mongolia’s Country Director, Ms. Wendy Guyot, agreed and emphasized Mercy Corps Mongolia’s appreciation that Khan Bank was focused on contributing to this development process.

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