Ecoholiday LLC

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Mongolia

Ecoholiday LLC

Golomt Bank

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With a loan of EUR 33,900 Ecoholiday LLC will be able to purchase make-up products with natural ingredients for the new shop.

€33,900

Importe

3.00%

Interés

36 meses

Vencimiento

6 meses

Reembolsos

EUR

Moneda

Importe	€33,900
Interés	3.00%
Vencimiento	36 meses
Reembolsos	6 meses
Moneda	EUR

100%

Completamente financiado en 10 díasen 28 Agosto 2019.

El proyecto

Ecoholiday LLC was established in 2013 as an official distributor of “The Face Shop” brand. “The Face shop” is one of the top beauty brand in South Korea which has various types of skincare, cosmetics, and make-up products with natural ingredients. Currently, Ecoholiday LLC has 8 branches of “The Face shop” in Ulaanbaatar city, mostly at the big shopping malls such as E-Mart and Hunnu mall. The company has 26 full time employees.

The Korean skin care and make up products have become more popular among the Mongolian young women in recent years. Especially, the products of Face shop have the highest demand due its natural and fresh ingredients. Thus, Ecoholiday LLC aims to open its 9th shop at the new branch of E-mart mall.

Nombre de la empresa	Golomt Bank
Director general	Munkhbat M
Fundado	2013-08-12
Ubicación	Ulaanbaatar
Sector	Mayorista / Minorista
Volumen de negocio	€540,601.14
Empleados	26

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.