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Mongolian Mortgage Corporation (MIK) secures long term financing from the U.S. International Development Finance Corporation (DFC)

Jan 20, 2025

Namkhaidorj B

The U.S. International Development Finance Corporation (DFC) Approves $150 Million Long-Term Financing for The Mongolian Mortgage Corporation HFC (MIK) advised by Delphos, the global financial advisory firm.

This landmark deal represents the largest DFC financing in Mongolia to date. It will enable the acquisition of mortgage-backed securities, empowering local commercial banks to create thousands of affordable mortgages. This initiative will help transition families in Mongolia from informal settlements into formal housing, improving living standards and fostering sustainable urban development.