Loan sharks, or informal lenders, exploit small businesses with exorbitant interest rates.

In this B-Side episode, Baasandorj Davaasuren, chief business development officer of fintech solution company AND Global, discusses with BusinessWorld reporter Aaron Michael C. Sy some learnings from Mongolia’s experience with loan sharks, aiming to guide micro, small, and medium enterprises (MSMEs) in the Philippines. AND Systems, the R&D subsidiary of AND Global, is based in Ulaanbaatar, Mongolia.