This investment was made when British International Investment was named CDC Group.
XAC Leasing is an equipment leasing company established in 2007 as a subsidiary of TenGer Financial Group, a reputable financial services group in Mongolia.
Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.
- Rest of the World
We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.
- Financial services
- Investment type
We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).
- Intermediated investment
- MicroVest GMG Local Credit Fund Limited
- Fund Manager:
- MicroVest GMG Capital Management
- Start date
For direct investments, this is the date British International Investment committed capital to the business or project.
For funds, this is the date that British International Investment committed capital to the fund.
For underlying fund investments, this is the date that the fund invested capital into the business.e
- July 2014
This is the investee company’s place of incorporation; or a fund’s jurisdiction.