Kh.Sairagul 2

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Mongolia

Kh.Sairagul 2

Golomt Bank

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With EUR 51,100 Sairagul can finish the first-ever modern yet affordable hotel and decorate the place with furniture.

€51,100

Importe

3.00%

Interés

36 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€51,100
Interés	3.00%
Vencimiento	36 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 26 díasen 14 Junio 2018.

El proyecto

Tourism has been a main component of Mongolia’s economic development for its untouched, wide steppes and unique nomadic culture. Bayan-Ulgii province of Mongolia is the home of Mongolian Kazakh nation, one of the Mongolian multi ethnic regions. Therefore, Bayan-Ulgii province attracts large amount of international and domestic tourists for its number of national natural parks and Khazakh nation’s cultural festivals such as eagle hunting festival, welcoming new spring festival etc.

Ms. Sairagul, 45, is well aware of the fact that due to Bayan-Ulgii’s poor tourist services and accommodation condition, the province is not benefiting enough from the tourism sector in the region. The number of tourists visiting the province doubled in 2017, however, there isn’t any hotel in the region that meets international standard. Thus, in order to develop the tourism and promote the regional economic growth, Sairagul started her own hotel business to provide good service to both domestic and overseas tourists.

Through this loan amount of 2x150 million MNT, Sairagul will be able to finish the first-ever modern yet affordable hotel construction work in the center of the province, which will start from the coming construction season and hire additional 10 full time hotel staffs.

Nombre de la empresa	Golomt Bank
Director general	Sairagul Khanan
Fundado	2016-01-01
Ubicación	Bayan-Ulgii province
Sector	Servicios
Volumen de negocio	€162,125.34
Empleados	4

Impacto

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.