GSB Capital 40

With a loan from GSB Capital, Hatadiin invested in machinery, a truck, and new materials. His workshop continued to grow. Today, eight skilled craftspeople work with care on every piece of furniture. With your investment, 38 other entrepreneurs in Mongolia receive the same opportunity.

funding gap emerging markets
GSB Capital
Company
Mongolia
Country

The project

With a loan from GSB Capital, Hatadiin invested in machinery, a truck, and new materials. His workshop continued to grow. Today, eight skilled craftspeople work with care on every piece of furniture. With your investment, other entrepreneurs in Mongolia receive the same opportunity.

In Ulaanbaatar, entrepreneurship and craftsmanship come together in Hatadiin’s workshop, where wood is transformed into furniture that enriches homes and improves lives.

With a loan from GSB Capital, Hatadiin was able to invest in machinery, a truck, and materials to further expand his workshop. As the business grew, so did his team. Today, eight skilled craftspeople work with dedication and precision on every piece of furniture.

Hatadiin shares: “I heard about GSB’s credit solutions through friends. Their process is fast, simple, and exactly what I needed as an entrepreneur. With their support, my business grew, and I was able to give others the opportunity to grow with me.”

This project shows how financial support helps small businesses move forward and creates opportunities for entrepreneurs and their teams to grow. With your investment,  38 entrepreneurs like Hatadiin will receive the financing they need.
 

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
€180,000raised
Fully funded in 47 minutes on 8 July 2026.
705investors
€180,000
target
5.5
%
Interest
24
months
Maturity
6
months
Repayments
A+
B
C
D
E
Credit score
Growth financing
Euro

Impact

38
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.