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funding gap emerging markets
Mongolia

Jargalant Udam Hospital

  • Golomt Bank
  • Invest in a Financial Institution
  • + 135 other investors
  • With EUR 57,950 the hospital will be able to purchase a portable radiotherapy and improve doctor’s examination and treatment.

    €57,950
    Amount
    3.00%
    Interest
    48 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€57,950
    Interest3.00%
    Maturity48 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 11 days on 1 November 2018.

      Summary

      “Jargalant Udam” is a traditional treatment hospital established in 1994 by Dr. Estoikhuu in Khovd province. The hospital has begun its operations with only 1 doctor and 1 nurse, and later in 1997, it was expanded to a local health center with a capacity of 10 treatment rooms. Now, the hospital has 2 doctors, 2 nurses, 3 administration assistants and 30 patient rooms.

      “Jargalant Udam” is the first private traditional medicine hospital in not only Khovd province, but in the eastern provinces of Mongolia. The hospital has been successfully operating since its early years, and has become a Traditional Medicine Certified Entity in 2007.

      However, the number of patients has been increasing throughout the years, and the hospital is in need of digital devices to improve doctor’s examinations. The owner plans to purchase a portable radiotherapy for efficient and effective treatments of patients, and to hire a technician for the hospital. Unfortunately, the hospital is in short of investments.

      With a loan the hospital will be able to purchase a portable radiotherapy and improve doctor’s examination and treatment. With this loan, “Jargalant Udam” hospital will be able to cure many patients in eastern provinces of Mongolia. 

      Company nameJargalant Udam Hospital
      CEOEstoikhuu Sugar
      Founded1994-01-01
      LocationJargalant, Khovd
      SectorServices
      Turnover€36,811.32
      Employees7

      Impact

      Small and Medium Enterprises (SMEs) are important contributors to job creation and economic growth in emerging markets. However, access to financing is a key constraint to SME growth, as about half of them don't have access to formal credit. In Mongolia, Golomt Bank serves nearly 80% of the corporate market. They were the first commercial bank in the country to issue small business loans. Golomt Bank accelerated the development of mobile banking in Mongolia by introducing smart banking services in the local financial sector.

      Financial support enables Mongolian entrepreneurs to increase their professional activity, resulting in job creation and improved living conditions.

      Golomt Bank is a member of the United Nations Environmental Program Finance Initiative (UNEP FI). This partnership helps create a financial sector that serves people and the planet and mobilizes private sector finance for sustainable development. The bank has a "Sustainable Development Policy" in which they implement the SDGs in all its operations. For example, improving their waste management, increasing the number of roads for wheelchair users in their offices, and cooperating with environmentally friendly organizations.

       

      SDGs impacted

      With this project you are contributing to the following Sustainable Development Goals:

      SDG 1. No Poverty

      SDG 8. Decent work and economic growth

      Read more about the impact you can make through our platform and the SDGs on our impact page.

      • With this investment 1 jobs are created
      • With this investment 4 lives are improved

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      We have already contributed to Jargalant Udam Hospital

      Ton Schroer
      Madelien van Manen
      Lot Hagenaars
      Jan Mostert
      Marc Sierink
      + and another
      135
      investors