LendMN | Latest News & Updates - Feb 20, 2025 Release

LendMN increased the minimum interest rate for its long-term consumer loans from 3.51% to 3.69% as of the latest update...


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LendMN

🌎 lend.mn

LendMN is a pioneering FinTech company in Mongolia that provides a mobile-based solution for everyday financial issues, offering accessible, collateral-free consumer loans and personal finance management tools. It represents a significant advancement in the financial services sector within the country.


LendMN - Latest News and Updates

  • LendMN increased the minimum interest rate for its long-term consumer loans from 3.51% to 3.69% as of the latest update.
  • LendMN's 2024 earnings call revealed a 90% increase in loan portfolio to 237.7 billion MNT, an 86.6% rise in interest income to 89.2 billion MNT, and an 82.3% growth in net profit to 36.1 billion MNT, with plans to secure funding from international organizations.
  • LendMN app now allows purchases on Zary.mn with options to split payments using Lendpay or Flexipay.
  • LendMN's CEO Ts. Uuganbayar will present the company's 2024 financial and operational report during an earnings call.
  • Batzaya Enkhtur has left LendMN as a CRM manager in Mongolia to join CallPro as a General Manager.
  • HERA's online store now allows customers to purchase items in installments without interest or fees using LendMN.

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