Oyuntuya

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Mongolia

Oyuntuya

Golomt Bank

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With a loan amount of EUR 10,200, Oyuntuya is able to produce sufficient amount of jerky for the upcoming winter supply.

€10,200

Importe

3.00%

Interés

48 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€10,200
Interés	3.00%
Vencimiento	48 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 1 día.en 11 Octubre 2018.

El proyecto

Oyuntuya (49) is an experienced entrepreneur, who has established her business in early 1990s. She began her business by selling variety of consumer goods in Khuvsgul province, and in 2010, she expanded the business by producing beef and lamb jerky. Now, she owns a small meat processing factory, and has 2 employees.

As livestock has been the fundamental food resource of the country, Mongolian traditional foods often include beef and lamb. Therefore, jerky is an essential food with full of nutrients, which is often consumed in winter times for health care.

The production of jerky is a long process, as it needs to be fully dried and grinded. Therefore, Oyuntuya plans to purchase raw materials in-advance, in order to prepare for the winter supply. She sells her products to the markets and households of Khuvsgul province.

With a loan amount of 30 million MNT, Oyuntuya is able to produce sufficient amount of jerky for the upcoming winter supply. She will hire 1 more employee at the meat factory to support the production.

Nombre de la empresa	Golomt Bank
Director general	Oyuntuya Demberel
Fundado	1990-01-01
Ubicación	Murun, Khuvsgul
Sector	Agricultura
Volumen de negocio	€31,940.28
Empleados	2

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.