Microfinance Focus, June 14, 2011: The German Investment and Development Company DEG has made an equity investment worth USD 6.5 million in Mongolian Opportunities Fund to support small and medium sized enterprises in the Mongolia’s mining, infrastructure and agribusiness sector. World bank’s IFC and European Bank for rural Development are other investors in the fund.

With a total fund size of USD 75 million dollars, The Mongolian Fund is a private equity fund which makes equity investments in Mongolian companies ranging from 2.5 million US-dollars up to 7.5 million US-dollars.

DEG is a member of Germany’s KfW banking group. In the last five decades, its financing commitments grew to more than 11 billion Euros and contributed to providing an investment volume of 70 billion euros.