Aziin Ikh Khuleg

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Mongolia

Aziin Ikh Khuleg

Golomt Bank

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With a loan of EUR 34,600 Aziin lkh Khuleg will be able to to buy additional equipments such as filter, packer etc. for the new product line.

€34,600

Importe

3.00%

Interés

48 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€34,600
Interés	3.00%
Vencimiento	48 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 15 díasen 8 Junio 2019.

El proyecto

In 2004 Tumur-Ochir established the company “Aziin Ikh Khuleg” which manufactures various types of drinks, such as pure water and fresh juices. The most popular product of the company is a bottled water (20 litres) which is conveniently used at public places in particular banks, hospitals and offices. The company delivers the bottled water to its customers for free and has been serving to more than 1000 long-lasting customers. Now, the company has over 20 employees working at the factory and the back office.

As the company has been serving numerous customers across the Ulaanbaatar city, the demand for pure drinking water has increased among the urban citizens. Thus, Tumur-Ochir plans to add a new line in the factory and hire 3 more employees for the capacity upgrade. With a loan amount of MNT 101.9 million, he will be able to buy the additional equipments such as filter, packer etc. of the new line.

Nombre de la empresa	Golomt Bank
Director general	Tumur-Ochir Perenlei
Fundado	2004-04-29
Ubicación	Ulaanbaatar
Sector	Producción manufacturera
Volumen de negocio	€134,535.60
Empleados	20

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.