OUR HERITAGE
MIK (Mongolian Mortgage Corporation LLC)
Largest DFC Financing in Mongolia to date: Delphos secures US$150MM for Mongolian Mortgage Corporation
Delphos advised on the US$150MM financing from the U.S. International Development Finance Corporation (DFC) to Mongolian Mortgage Corporation (MIK), Mongolia’s leading private housing finance institution. This landmark deal represents the largest DFC financing in Mongolia to date. MIK holds 54% of Mongolia’s mortgages. This financing empowers local banks to offer affordable mortgages, transforming housing access for low- and middle-income families in Ulaanbaatar, where 60% reside in informal settlements.
Sector
Services
Amount Raised
US$150,000,000
Deal Type
Capital Raising
Unique Challenge
Delphos advised on structuring and securing financing from a leading DFI, aligning funding terms with the long-term nature of mortgage assets.
Sub-sector
Affordable Housing
Year
2025
Type of Financing
Debt
Deal Impact in Numbers
- 100,000+ residents supported through access to formal housing
- Expansion of mortgage financing across Ulaanbaatar
- Largest DFC financing for MIK to date
Lender
DFC
SDGs
Borrower
Mongolia Mortgage Corporation HFC LLC (MIK)
Deal Impact in Lives
- Low- and middle-income households in Mongolia
- Urban residents transitioning from informal settlements
- First-time homebuyers
Location
Mongolia
Interested in working with us?
Delphos arranges capital raising (debt and equity) and transaction advisory for emerging-market project sponsors and operating corporates across Africa, Asia, Latin America and the Caribbean, and Emerging Europe.
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Delphos- Premier Financial Advisor in Private Emerging Markets
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