Bichil Globus
A leading Mongolian non-bank financial institution providing collateral-backed consumer, auto, and SME lending for nearly two decades since 2008. It has been recognised three times as Mongolia’s Best NBFI and was awarded 'Entrepreneur of the Year – NBFI 2025'. The company demonstrates strong growth, pristine credit quality and robust corporate governance.
Kilde Score is the platform’s proprietary credit assessment of the borrower, reflecting Kilde’s independent credit view and expressed as a numeric score from worst to best (1.00–5.75). For full details of the credit methodology, including its mapping to a Fitch-style rating equivalent, please refer to this article.
Total value of bonds this borrower has listed on Kilde for investors to fund.
Mongolia
Regulatory status of the borrower: Licensed if the license is required, or 'Not applicable' if no licence is required in its operating market(s).
Total amount of loans the borrower has issued to its own end customers. Reflects the company's overall lending scale.
Outstanding balance of the borrower’s loan portfolio, net of impairment provisions.
Overview
Background & History
Founded in 2008 in Ulaanbaatar, Bichil Globus Finance started as a three-person microcredit operation serving credit-invisible individuals and MSMEs in Mongolia. After securing a USD 1m anchor investment from Australia in 2011 and a non-banking financial license from the Financial Regulatory Commission in 2013, it has grown into one of Mongolia's most established NBFIs, with 7,126 active customers across 16 branches and 65 employees.
Business Model & Lines of Business
Bichil Globus runs a collateral-backed lending franchise with two product families, all secured by tangible assets and priced at 2.9%-3.9% monthly. Automobile Lending (57% of the book) covers both new/used car purchases (tickets up to ~USD 28k, 24-48m) and liquidity loans against customer-owned vehicles (~USD 14k-22k). Other Pledged Lending covers real-estate-secured loans (apartment, property, land; up to ~USD 28k, up to 48m) and a distinctive phone-number-pledged loan (~USD 3k-11k, up to 12m).
Key Milestones
Loan book reached USD 38.25m in 2025 (+28% YoY), with best-in-class credit quality (NPL 2.3% vs sector 8.9%) and strong returns (ROE 32.8%, ROA 12.0%). A recurring public-market issuer via three asset-backed bonds (2022-2024, ~USD 14m total), Bichil Globus was named Mongolia's Best NBFI three times (2021, 2022, 2025), won MNCCI's "Mercury" Entrepreneur of the Year - NBFI 2025, and is ISO/IEC 27001:2022 certified.
Management Team & Organization
Led by Founder, Chairman and 94.4% owner Mr. Otgonbat S. (18+ yrs) and CEO Mr. Gantulga N. (11+ yrs), the company combines founder-driven strategy with deep institutional governance: a 5-member Board (incl. two Independent Directors, 30+ yrs each), a 12-person Executive Committee averaging 15+ yrs of banking experience, seven board committees, and a three-lines-of-defence risk framework. Audited by KPMG (2021-2024) and Nexia Global Mongolia (2025).
Financials
Outstanding balance of the borrower’s loan portfolio, net of impairment provisions.
Total income (interest and fee income) generated from the borrower’s lending activities.
Products
Typical contractual tenor of the loans disbursed by the borrower to its end customers.
The effective Annual Percentage Rate of the loan charged by the borrower to its end customers, inclusive of interest and fees.
Typical principal amount disbursed by the borrower to its end customers per loan transaction.
Typical principal amount disbursed by the borrower to its end customers per loan transaction.
Typical principal amount disbursed by the borrower to its end customers per loan transaction.
Market Data
According to Fitch Rating
Annualised
Annualised