Mongolian dairy producer Suu Milk secures financing from EBRD, XacBank to support expansion programs

MONGOLIA – Suu Milk, one of Mongolia’s oldest dairies, has secured funding from the European Bank for Reconstruction and Development (EBRD) and the local lender XacBank to support its expansion plans.   Founded in 1958, Suu Milk prides itself in being the oldest dairy company in Mongolia. It reportedly sources milk supplies from 19 collection points in the country and has more than 420 employees.  In a joint transaction, XacBank will be providing a local currency loan equivalent to US$4.8 million to Suu Milk, while 65 percent of the risk on the loan…

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