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funding gap emerging markets
Mongolia

Doljinsuren

  • Golomt Bank
  • Invest in a Financial Institution
  • + 162 other investors
  • With a loan amount of EUR 66,350 Doljinsuren will be able to buy the needed kitchen equipments and to increase the restaurant’s capacity.

    €66,350
    Amount
    3.00%
    Interest
    48 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€66,350
    Interest3.00%
    Maturity48 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 20 days on 20 February 2019.

      Summary

      Doljinsuren (39) is a successful businesswoman, who has pioneered in a grill restaurant business of Uvurkhangai province. She graduated from the University of Science and Technology as a technologist in 2001 and has a 14 years of work experience in the largest companies of food production sector in Mongolia. In 2016, she opened her own restaurant “Nomadic” in Uvurkhangai province. The restaurant has been already renowned by its food quality and customer service among the local citizens and tourists. Now, the company has total of 11 employees, 2 of them were sent to a chief training in France. “Nomadic” restaurant is the only one grill restaurant of Uvurkhangai province.

      As the restaurant has been operating successfully since its opening, the number of customers has been dramatically increased. Therefore, Doljinsuren aims to increase the capacity of restaurant by purchasing kitchen equipments such as freezer, dishwasher, meat grinding machine etc. By purchasing these equipments, the restaurant will be able to operate efficiently and to serve to more customers.

      Company nameDoljinsuren
      CEODoljinsuren Yadamjav
      Founded2016-01-25
      LocationArvaikheer, Uvurkhangai
      SectorServices
      Turnover€209,391.70
      Employees11

      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 Doljinsuren

      Jan Mostert
      Joop Singeling
      Elke Krekels
      Jan van Munster
      Jan de Wit
      + and another
      162
      investors