GSB Capital 38

Although spring is arriving in Mongolia, nights remain cold, with temperatures dropping below freezing. A well-insulated home therefore remains important. Through green loans, GSB Capital enables more sustainable heating, leading to cleaner air and more work for local entrepreneurs.

funding gap emerging markets
GSB Capital
Company
Mongolia
Country

The project

In Mongolia, spring still feels chilly. Nighttime temperatures can drop below freezing, making a warm and well-insulated home of great importance. 

Many households still rely on coal or wood for heating. This is not only costly, but also worsens air quality. Smog builds up and can linger over the city for weeks.

GSB Capital encourages the shift to more efficient and cleaner heating solutions, such as better insulation, electric heating systems, and solar panels. The financial institution offers green loans that enable families to invest in well-insulated and sustainable homes. This leads to lower energy costs and a healthier living environment.

Investments in sustainable energy also create more work for local entrepreneurs. This way, you contribute not only to cleaner air, but also to sustainable economic growth.

 

Your investment

  • Annual interest rate: 5.5%
  • For an investment of €1,000, the expected total repayment is €1,069.
  • 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
€7,997,889
Employees
103
€255,000raised
Fully funded in 5 days on 7 May 2026.
1021investors
€255,000
target
5.5
%
Interest
24
months
Maturity
6
months
Repayments
A+
B
C
D
E
Credit score
Growth financing
Euro

Impact

54
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.