Burenjargal

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Mongolia

Burenjargal

Golomt Bank

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With EUR 6,800 Burenjargal will be able to buy a freezer and sell more products to the consumers of Ulaanbaatar city.

€6,800

Importe

3.00%

Interés

48 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€6,800
Interés	3.00%
Vencimiento	48 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 19 horasen 27 Octubre 2018.

El proyecto

Burenjargal (47) began her business by opening a small supermarket in 2001. Later in 2010, she was employed as a chief in Electromechanical Plant of Baganuur city. After working for several years in the kitchen, she launched her own factory producing frozen dumplings. Now, the factory has 4 employees.

Dumpling is one of the most commonly consumed dishes in Mongolia, therefore a demand for prepared frozen dumplings is always high. Burenjargal plans to expand the factory and increase its supply of frozen dumplings. She seeks to purchase a track and a freezer, and to build a storage inside of the factory.

In order to fulfill her plan, Burenjargal aspires to borrow MNT 20 million. She will hire 1 more employee at the factory. With this loan, Burenjargal will be able to sell her products to the consumers of Ulaanbaatar city.

Nombre de la empresa	Golomt Bank
Director general	Burenjargal Luvsanravjaa
Fundado	2001-01-01
Ubicación	Baganuur
Sector	Producción manufacturera
Volumen de negocio	€24,418.44
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.