Ekhtsugts LLC 1

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Mongolia

Ekhtsugts LLC 1

Golomt Bank

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With a loan of EUR 42,400 dental clinic Ekhtsugts LLC will be able to purchase new facilities such as dental beds and other equipments in the new building.

€42,400

Importe

3.00%

Interés

48 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€42,400
Interés	3.00%
Vencimiento	48 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 4 díasen 26 Julio 2019.

El proyecto

Enkhtsugts dental clinic was established in 2007 by dentist Bayarmaa N. (39). In 2010, Bayarmaa has expanded the clinic in size and hired 4 more dentists and 1 nurse. Later in 2012, the clinic was broadened its services and introduced orthodental services, including application of braces. Now, the company has 13 full time dentists and nurses, and serves with modern equipments from USA, Japan and China.

Enkhtsugts dental clinic is located in Songinokhairkhan district which is one of the sub-urban areas of Ulaanbaatar city. Thus, “Enkhtsugts” is one of the large dental clinics at the district and has been renowned among the local residents.

In 2018, the clinic has been moved to a bigger building, and it needs to purchase new facilities such as dental beds and other equipments. With a loan amount of MNT 250 million, the company would be able to broaden its business and hire 3 more dentists.

Nombre de la empresa	Golomt Bank
Director general	Bayarmaa Naranbaatar
Fundado	2007-06-24
Ubicación	Ulaanbaatar
Sector	Servicios
Volumen de negocio	€159,399.33
Empleados	13

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.