USAID Guarantee program

Khan Bank is now able to guarantee its business loans by establishing cooperation agreement with USAID.

Loan terms:                                    
Amount:   5000-600,000 USD or its equivalent in MNT
Term:        2-8 years

The loan must not be used to finance any of the following:

• Goods or services which are to be used primarily to meet military requirements or to support police or other law enforcement activities
• Surveillance equipment and logging equipments
• Equipment, research and/or services related to involuntary sterilization or the performance of abortion as a method of family planning
• Gambling equipment, supplies for gambling facilities or any hotels, casinos or accommodations in which gambling facilities are planned to be located
• Activities which significantly degrade national parks or similar protected areas or introduce exotic plants or animals into such areas
• Pharmaceuticals and pesticides
• Luxury goods /including alcoholic beverages and jewelry/
• Establishing or expanding any enterprise that will export raw materials that are likely to be in surplus in world markets at the time such production becomes effective and that are likely to cause substantial injury to U.S. producers
• Tobacco or agribusiness activities contributing to tobacco production, promotion or use
• Activities which would result in the loss of forest lands due to livestock rearing, road construction or maintenance, colonization of forest lands or construction of dams or other water control structures
• Activities which are likely to have a significant adverse effect on the environment