GSB 41

Hatadiin is a furniture maker and carpenter in Ulaanbaatar, Mongolia. With financial support from GSB Capital, he expanded his business and created jobs for eight people in his local community. Will you invest in entrepreneurs like Hatadiin?

funding gap emerging markets
GSB Capital
Company
Mongolia
Country

The project

GSB Capital provides loans to small and medium-sized businesses in Mongolia. One of these businesses is Hatadiin’s furniture workshop, where he and his team make wooden furniture.

With a loan from GSB Capital, he purchased the machinery, truck, and materials needed to set up his workshop. As the business grew, Hatadiin was able to build a team of eight skilled craftspeople, creating employment opportunities for people in his community.

Hatadiin attributes part of his company’s success to the support of GSB Capital:

“My experience with a GSB loan was so positive that I continued working with them. Their process is fast, straightforward, and exactly what an entrepreneur needs to grow.”

Thanks to your investment, entrepreneurs like Hatadiin can grow their businesses and create opportunities for the people around them.

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 33 minutes on 6 August 2026.
671investors
€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.