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funding gap emerging markets
Mongolia

Unurbold

  • Golomt Bank
  • Invest in a Financial Institution
  • + 59 other investors
  • Met een lening van 18.650 euro kan Unurbold zijn drukkerij, als gevolg van nieuwe contracten, uitbreiden en nog 2 mensen aannemen.

    €18,650
    Amount
    3.00%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€18,650
    Interest3.00%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 4 days on 5 September 2019.

      Summary

      Unurbold (38) is in 2014 afgestudeerd aan de University of Science and Technology of Mongolia. Na zijn studie is hij aan de slag gegaan bij een drukkerij. In 2007 besloot hij zijn eigen zaak te beginnen, genaamd “Uvidas Nemekh” LLC. Particulieren en bedrijven kunnen hier terecht voor al hun druk- en printwerk. Unurbold heeft 5 mensen in dienst.

      In 2018 heeft het bedrijf contracten gesloten met grote drukkerijen als Interpress LLC en Munkhiin Useg LLC. Dat betekent dat de capaciteit van het bedrijf moet worden uitgebreid, in termen van personeel en ruimte. 

      Company nameUnurbold
      CEOUnurbold Ganbold
      Founded2007-08-17
      LocationUlaanbaatar
      SectorManufacturing / Production
      Turnover€38,827
      Employees5

      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 2 jobs are created
      • With this investment 10 lives are improved

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      We have already contributed to Unurbold

      Erik Hamelink
      Ron van Eijk
      + and another
      59
      investors