Battur

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Mongolia

Battur

Golomt Bank

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With a loan of EUR 31,950 Battur will be able to expand the business and provide the local users with affordable smart phones.

€31,950

Importe

3.00%

Interés

48 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€31,950
Interés	3.00%
Vencimiento	48 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 22 díasen 15 Marzo 2019.

El proyecto

Battur (42) is an economist and has been running trade business of automobile parts since 2005. Later in 2007, he has established his company “Khan Buural Khangai” LLC and expanded the company’s operations by importing variety of products from UAE, China and Japan. Now, the company sells the products at its own store and has vendor contracts with major auto repair centers of Ulaanbaatar city.

Battur and his son Dalaibayar began importing smart phones from Hong Kong and selling them at the store since 2017. The number of smart phone users has been significantly growing in recent years in Ulaanbaatar city. Therefore, the family aspires to meet the local demand and open a new shop for cell phone sales. Battur plans to purchase a building for the purpose of opening a cell phone shop. With a loan amount of MNT 95 million, they will be able to expand the business and to provide the local users with affordable smart phones. Battur plans to hire 2 more employees at the new shop.

Nombre de la empresa	Golomt Bank
Director general	Battur Sanzaidorj
Fundado	2005-02-12
Ubicación	Ulaanbaatar
Sector	Mayorista / Minorista
Volumen de negocio	€255,102.18
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.