Gantsetseg

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Mongolia

Gantsetseg

Golomt Bank

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With a loan amount of EUR 34,100, Gantsetseg will be able to purchase a building near the public market to sell clothes.

€34,100

Importe

3.00%

Interés

48 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€34,100
Interés	3.00%
Vencimiento	48 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 12 díasen 6 Noviembre 2018.

El proyecto

In 1998, Gantsetseg (49) has established her business by selling variety of consumer products in the markets of Ulaanbaatar city. In 2002, she moved back to her hometown, Dornod province, and opened a small clothing store which sells Mongolian traditional clothes and accessories. Later in 2006, she expanded her business by launching a small supermarket. Now, she has 2 employees at the each store.

Gantsetseg operates her business in Dornod province which is located at the east part of the country and borders with Russia and China. Due to an economically favorable location, international trade has been significantly developed in the province. Therefore, Gantsetseg plans to relocate the stores near the public market by purchasing a new building. She seeks to promote her business by selling Mongolian traditional clothes and food at the store.

With a loan amount of MNT 100 million, she will be able to purchase a building near the public market. Gantsetseg aspires to sell more Mongolian traditional items to the international buyers.

Nombre de la empresa	Golomt Bank
Director general	Gantsetseg Tumurbaatar
Fundado	1998-01-01
Ubicación	Kherlen Dornod
Sector	Mayorista / Minorista
Volumen de negocio	€121,681.86
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.