Lendable

LendMN NBFI JSC is a non-banking financial institution based in Ulaanbaatar, Mongolia, that offers mobile phone-based financial services aimed at providing instant loans to under-served individuals. Established in 2006 and formerly known as Duusashgui Undarga NBFI LLC, the company rebranded in December 2016. LendMN's primary offerings include consumer micro-loans and Lend Wallet, a digital platform facilitating various financial transactions. Utilizing proprietary A.I. technology, LendMN analyzes user data to generate personalized credit scores, enabling clients to access collateral-free loans quickly. The initial loan approval process, from application to fund disbursement, typically takes around 15 minutes, while subsequent loans can be processed in just 2 minutes. The platform also features a rewards and loyalty system that incentivizes good repayment behavior, offering clients benefits such as larger loan sizes and reduced interest rates, as well as rewards for referrals and engagement with educational content. LendMN operates as a subsidiary of AND Systems LLC.