Ochirbat

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Mongolia

Ochirbat

Golomt Bank

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With a loan of EUR 34,900 Ochirbat will be able to buy sufficient amount of inventory for the new supermarket.

€34,900

Importe

3.00%

Interés

48 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€34,900
Interés	3.00%
Vencimiento	48 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 3 díasen 19 Noviembre 2018.

El proyecto

In 2003, Ts. Ochirbat established his entrepreneurship by importing flour and rice from Russia. Now, his company “Ayanjin” LLC operates in Uvs province, and sells consumer products to the local citizens of the province. The company has 2 employees working at the grocery store.

Uvs province is located at the west side of the country and borders with Russia. Due to a favorable location of the province, trade business has significantly developed and majorly contributes to the local economy. Thus, Ochirbat aspires to expand his business by opening a new store selling variety types of oats and rice. He plans to import the consumer goods from the cities of Novosibirsk, Abakan and Minusinsk of Russia.

With a loan amount of MNT 100 million, he will be able buy sufficient amount of inventory for the new store, and provide healty food to the local citizens.

Nombre de la empresa	Golomt Bank
Director general	Ochirbat Tsedev
Fundado	2003-01-01
Ubicación	Ulaangom
Sector	Mayorista / Minorista
Volumen de negocio	€288,066.70
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.