GSB Capital 28

The daughter of the Mongolian Bayan Agt family helps run their colorful fabric shop in an indoor market in Ulaanbaatar. Thanks to financing from GSB Capital, the family was able to invest quickly and flexibly in their business. As their shop grew, they began creating jobs for people in their community.

funding gap emerging markets
GSB Capital
Company
Mongolia
Country

The project

In 2023, Lendahand visited several entrepreneurs in Mongolia who finance their businesses with support from GSB. The fabric shop of the Bayan Agt family was one of them. In their store, located in a busy indoor market in Ulaanbaatar, they sell brightly colored sheets, towels, and mattresses.

For many entrepreneurs in Mongolia, financing is difficult to access. Outside the capital, formal financial services are limited, and many small businesses lack collateral or a credit history. As a result, growing a business remains a challenge for many.

GSB Capital helps bridge that gap. The institution provides growth financing to small businesses, including in regions where financial services are scarce. This gives entrepreneurs like the Bayan Agt family access to the capital they need to expand their operations.

With the loan from GSB, their fabric shop expanded from one to four locations, and they opened their own warehouse. This has created new jobs for people in their neighborhood and provides the family with a higher and more stable income. It allows them to build a more secure future and inspires others to follow their example.

Invest in entrepreneurs like the Bayan Agt family and support business growth that creates new jobs in their community.


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 9 days on 30 November 2025.
528investors
€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.