Unurbayan

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Mongolia

Unurbayan

Golomt Bank

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With a loan of EUR 53,600 Unurbayan will be able to hire 5 new people and help more children with eye problems.

€53,600

Importe

2.50%

Interés

24 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€53,600
Interés	2.50%
Vencimiento	24 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 5 díasen 21 Junio 2018.

El proyecto

In the beginning, Unurbayan (40) used to import eye wears from China. As the number of patients with eye diseases increases, especially among the children, Unurbayan wanted to help prevent and diagnose lazy eyes symptoms. He decided to become a specialist in the field himself and introduced equipment to diagnose severe eye problems and the most modern blue ray protected glasses to customers.

Through his 5 branches, he and his orthoptist receive on average 100 clients daily. Besides, he expanded his business by cooperating with an Korean eyewear brand and started to sell organic eyeglass frames made of lightest and environment-friendly materials.

Unurbayan also consideres social responsibility to be very important, as his company sells kids’ eyeglasses against a discounted price. Next to that, Unurbayan organizes a kids’ eyeglasses donation event for disabled children and provided free lazy eye diagnose service to children.

This loan enables Unurbayan to meet the market demand and hire 5 additional staffs.

Local partner Golomt provides this loan with a maturity of 24 months.

Nombre de la empresa	Golomt Bank
Director general	Unurbayan Baatarjav
Fundado	1999-01-01
Ubicación	Ulaanbaatar, Mongolia
Sector	Mayorista / Minorista
Volumen de negocio	€589,496.24
Empleados	17

Impacto

Small and Medium Enterprises (SMEs) are important contributors to job creation and economic growth in emerging markets. However, access to financing is a key constraint to SME growth, as about half of them don't have access to formal credit. In Mongolia, Golomt Bank serves nearly 80% of the corporate market. They were the first commercial bank in the country to issue small business loans. Golomt Bank accelerated the development of mobile banking in Mongolia by introducing smart banking services in the local financial sector.

Financial support enables Mongolian entrepreneurs to increase their professional activity, resulting in job creation and improved living conditions.

Golomt Bank is a member of the United Nations Environmental Program Finance Initiative (UNEP FI). This partnership helps create a financial sector that serves people and the planet and mobilizes private sector finance for sustainable development. The bank has a "Sustainable Development Policy" in which they implement the SDGs in all its operations. For example, improving their waste management, increasing the number of roads for wheelchair users in their offices, and cooperating with environmentally friendly organizations.