GSB Capital 42

Tolga is someone you can build on: his company produces ready-mix concrete, cement and marble paint for facades. With a loan from GSB, he purchased a new machine that has quite literally brought more colour to his business.

funding gap emerging markets
GSB Capital
Company
Mongolia
Country

The project

Tolga runs a construction company in Mongolia, where he produces ready-mix concrete, cement and marble paint for facades. With a loan from GSB Capital, he invested in a machine that allows him to produce facade finishes in any colour his customers want, giving exterior walls that extra touch of colour.

This has brought more colour not only to buildings, but also to his business. Tolga can now clearly distinguish himself from the competition. He can offer his customers customised solutions, which is a valuable advantage in the construction sector.

Thanks to GSB’s flexible financing terms, including the option to use a car as collateral, Tolga was able to further grow his business. Today, the company is running at full capacity, together with a team of six full-time employees.

With your investment in GSB Capital, you give entrepreneurs like Tolga the opportunity to add colour to their surroundings by growing their businesses.

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
€220,000raised
Fully funded in 15 hours on 2 September 2026.
501investors
€220,000
target
5.5
%
Interest
24
months
Maturity
6
months
Repayments
A+
B
C
D
E
Credit score
Growth financing
Euro

Impact

47
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.