Business Invest Development (BID) is a microfinance institution in Mongolia that focuses on rapidly available financial services and financial inclusion. The offer is aimed at individuals, micro and small and medium-sized companies in rural areas. BID currently has a loan portfolio of around EUR 11 million and, the institute serves almost 2,600 customers, operates 8 branches and employs 57 people. The standards of the Smart Campaign are adopted by the MFI. In August 2020, the GLS AI microfinance fund extended a loan of US $ 500,000 to BID.
