Bambaipharma LLC 2

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Mongolia

Bambaipharma LLC 2

Golomt Bank

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With the second loan amount of EUR 42,000 the company will be able to purchase the needed medication for the second branch.

€42,000

Importe

3.00%

Interés

36 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€42,000
Interés	3.00%
Vencimiento	36 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 3 díasen 3 Abril 2019.

El proyecto

“Bambaipharma” pharmacy was founded in 1998 by business partners Baigalmaa and Ichinkhorol. The founder Baigalmaa has been graduated as a pharmacist in Irkutsk city of Russia in 1985. She worked in a pharmaceutical company of Erdenet city for 13 years. Having a good work experience in a drug supplier company, she established her own company “Bambaipharma” with her business partner. Later in 2008, the company was expanded into an official pharmaceutical company and operates as one of the main drug wholesale company of the city. Now, the company has 8 employees and successfully operates in 2 branches.

“Bambaipharma” pharmacy has been operating in Erdenet city for almost 20 years, and the company has been renowned for reliable medicines among the local citizens. Therefore, the company aspires to increase the inventory by importing medicines. The company plans to purchase pain killer ointments, nasal and eye drops, and variety of other medicines.

Nombre de la empresa	Golomt Bank
Director general	Baigalmaa Jamyandorj
Fundado	1998-02-22
Ubicación	Erdenet city
Sector	Mayorista / Minorista
Volumen de negocio	€350,932.58
Empleados	8

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.