Asia Pacific Finance
Asia Finance was incorporated in 2010 as part of our strategy to capture the growth currently underway in the Gobi desert region. APIP has recently obtained a Non Banking Financial License allowing Asia Finance to lend expansion capital to the growing universe of small and medium sized enterprises currently doing business in the region. The firm has recently started lending at an interest rate of approximately 3.5% per month. We lend to successful SMEs that pass our investment committee’s requirements for free cash flow and collateral. Asia Finance is planning to open two branch offices in the Gobi region this summer in addition to its headquarters located in Ulaanbaatar. Asia Finance also plans to borrow funds offshore to enable it to grow into a larger lending institution with sufficiently large lending yield.
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