LendMN NBFI JSC [MSE:LEND] makes history

Mar 10, 2025

Namkhaidorj B

👏 LendMN NBFI JSC NBFI JSC [MSE:LEND] has achieved a significant milestone, becoming the world's first fintech company to receive the prestigious "Customer Protection Certificate" from the MicroFinance Rating (MFR) Global Rating Agency.

⚡️ The MFR Global Rating Agency evaluates financial institutions based on eight core principles of fairness and transparency, classifying them into Gold, Silver, and Bronze levels. LendMN NBFI JSC has attained the Silver level standard, becoming the first fintech company to earn this prestigious certification.

💯 Listed on the Mongolian Stock Exchange in 2018, LendMN NBFI JSC [MSE:LEND] has set a new benchmark in the financial sector by prioritizing customer protection, enhancing transparency, and adhering to international standards. This achievement represents a significant milestone for both the company and its investors.

✅ The 8 Core Criteria for the Customer Protection Certificate:
- Appropriate product design and delivery
- Transparency
- Fair and Respectful Treatment of Clients
- Mechanisms for complaint resolution
- Prevention of over-indebtedness
- Responsible pricing
- Privacy of client data
- Governance and HR

🌟 Notably, in November 2023, LendMN NBFI JSC was recognized as a finalist in the Financial Inclusivity category of the prestigious Fintech Excellence Awards, jointly awarded by the Central Bank of Singapore (Monetary Authority of Singapore (MAS)) and the Singapore FinTech Association (SFA).