Erkhembaatar

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Mongolia

Erkhembaatar

Golomt Bank

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With a loan of EUR 12,150 Erkhembaatar can redecorate his hair salon, and serve his customers with new and modern designs.

€12,150

Importe

2.50%

Interés

24 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€12,150
Interés	2.50%
Vencimiento	24 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 4 horasen 21 Noviembre 2018.

El proyecto

Erkhembaatar (37), is a professional barber who has been working in a hair salon since 2002. In 2013, he began his business by opening his own hair salon “Erkhem” which has variant services of hairdressing, manicure, and pedicure. Now, his salon has total of 4 hairdressers and 1 manicurist.

“Erkhem” hair salon is located in the Bayanzurkh district of Ulaanbaatar city, which is one of the most vibrant area of the city where high number of college students live nearby. As the population of the district is increasing, a demand of daily service places is also growing. Therefore, Erkhembaatar plans to renovate the hair salon by purchasing new utilities and appliances. Also, he will hire 2 more hairdressers at the renovated hair salon.

With a loan amount of MNT 35 million, he will be able to redecorate his hair salon, and serve his customers with new and modern designs.

Nombre de la empresa	Golomt Bank
Director general	Erkhembaatar Batnasan
Fundado	2013-01-01
Ubicación	Ulaanbaatar
Sector	Servicios
Volumen de negocio	€46,435.22
Empleados	5

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.