Xac Leasing

Debt of October 2012 - January 2018

Xacleasing is a leasing company established in 2007 in Mongolia.

Amount

€ 3,865,000.00

Type of investment

Debt

Development impacts

  • Local economic growth
  • Private sector consolidation/innovation
  • Financial inclusion

Beneficiary locations

Asia: Mongolia

Investment field

Financial Institutions

Activity

Non-bank financial institutions - Leasing

Organisation

Xac Leasing

Domicile

Mongolia

More investments in

Xac Leasing

  • Subsidy € 20,516.10 (2018)
  • Debt € 4,333,800.00 (2018)

XacLeasing is a recognized leasing service provider in Mongolia, with a focus on low to mid income population and SMEs. The Company is active in many economic sectors, supplying leasing finance for a wide range of suppliers and brands of vehicles, trucks and industrial equipment. It has currently one branch and headquarters in Ulaanbaatar, and 90% of its business originates from the capital. 75% of the goods financed are represented by rolling material; the rest consists of IT, health and industrial equipment. The recent growth in imported assets, which is expected to continue unabated over the medium term, represents a sizeable opportunity for XacLeasing and its peers. The government’s support to SMEs, through investment and financing incentives such as VAT exemptions on certain assets, should represent an additional opportunity.

Development impacts

  • Local economic growth

    XacLeasing has a dedicated focus on financial leasing to SMEs

    Microleasing (leases < USD 10,000) is a new activity being pursued by XacLeasing

  • Private sector consolidation/innovation

    Priority of TenGer Financial Group and the new CEO, with the support of lenders including BIO through TA; TA grant of BIO to support leasing best practices, risk management

    Leasing is relatively common, but XacLeasing is among the first independent leasing companies launched in the country, with a dedicated focus on SMEs

    Measured by portfolio size, XacLeasing currently has a 9% share of the total leasing market. The Company intends to progressively grow its market share to 20%, by developing these channels further through collaboration with captive leasing companies

  • Financial inclusion

    Financial leasing is also available for low to mid income population

View more of our investments in this region

Xac Leasing

Financial Institutions

Xac Leasing

  20,516.10

  Mongolia

  27/06/2018

  Subsidy

Xac Leasing

Financial Institutions

Xac Leasing

  4,333,800.00

  Mongolia

  22/08/2018

  Debt