GSB Capital 27

This is Dolgorsuren. She runs a small shop in Ulaanbaatar, Mongolia, where she sells car parts, accessories, and lubricants. Thanks to a loan from GSB Capital, she was able to expand her product range, increase her income, and provide more financial security for her family.

funding gap emerging markets
GSB Capital
Company
Mongolia
Country

The project

Dolgorsuren is a dedicated entrepreneur. In her shop, she sells everything for cars, from motor oil to brake fluid. Like many small business owners in Mongolia, she found it difficult to access financing to grow her business. With a loan from GSB Capital, she was able to purchase additional stock and expand her assortment. As a result, she attracted more customers and increased her sales.

“The loan has truly made a difference in my life,” says Dolgorsuren. “I used to work almost around the clock to keep my business running, but now I can plan better and spend more time with my family. I really value that.”

Small and medium-sized enterprises are the backbone of Mongolia’s economy. Yet many entrepreneurs struggle to access affordable financing. Banks often require significant collateral, and in remote areas, financial services are scarce, limiting opportunities for growth.

GSB Capital is changing that. The financial institution provides growth financing to entrepreneurs across Mongolia, with a special focus on regions where access to financial services is limited. Through its local branches and online platform, entrepreneurs gain the resources they need to further develop their businesses.

Will you support entrepreneurs like Dolgorsuren and help stimulate growth in Mongolia? Join now. 


GSB Capital on Lendahand

  • Active on Lendahand since: December 2023
  • Total funds raised: €3,740,000
  • Amount repaid: €1,070,000
  • Interest paid: €132,725
  • On-time repayments: 15 out of 15 (100%)
     

Your investment

  • Annual interest rate: 6%
  • For an investment of €1,000, the expected total repayment is €1,075.
  • Maturity: 24 months. You will receive equal repayments of your investment every 6 months, totaling 4 repayments.
  • Currency: euro
     

GSB Capital

CEO
Chinbat Choijamts
Founded
2010-10-05
Location
Ulaanbataar
Sector
Financial services
Turnover
€6,270,550
Employees
103
€150,000raised
Fully funded in 7 days on 18 November 2025.
677investors
€150,000
target
6.0
%
Interest
24
months
Maturity
6
months
Repayments
A+
B
C
D
E
Credit score
Growth financing
Euro

Impact

25
Lives improved

In Mongolia, small and medium-sized enterprises face significant challenges due to stringent banking requirements and a need for more government support. This makes it difficult for entrepreneurs to grow and create jobs. At the same time, the country struggles with severe air pollution, particularly in Ulaanbaatar, where over 200,000 households burn coal to heat their homes. According to a 2019 study by the Asian Development Bank, approximately 80% of the air pollution in the capital is due to this practice.

GSB Capital addresses these issues holistically. On one hand, it offers fast business loans to underserved SME entrepreneurs, enabling them to grow and contribute to the local economy. On the other hand, GSB Capital invests in a green loan program that promotes environmentally friendly heating alternatives, reducing reliance on coal and improving air quality. These initiatives not only foster economic growth but also make a significant contribution to a cleaner environment.

  • 35% of GSB loans support female entrepreneurs, helping them grow their businesses and create jobs


Related blog posts

  • We recently visited multiple SME entrepreneurs in Mongolia. Read the travelblog here.