Ulemj Organic LLC 1

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Mongolie

Ulemj Organic LLC 1

Golomt Bank

Investir dans la microfinance

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With EUR 105,900 Tsogtbuyan will be able to increase the production capacity of his dairy factory. Issuer is the Golomt Bank.

€105 900

Montant

2,50%

Intérêt

18 mois

Maturité

6 mois

Remboursements

EUR

Devise

Montant	€105 900
Intérêt	2,50%
Maturité	18 mois
Remboursements	6 mois
Devise	EUR

100%

Entièrement financé en 35 jours sur 27 Décembre 2017.

Le projet

Read the information document of the issuer here

Part I of II

The owner of the company, Mr. Tsogtbuyan is one of the first professional breeders in the country trained back in 1980’s by the western experts. After socialist system collapsed in 1990, Mongolian state owned factories and farms were all privatized and most of them closed the door, due to poor management. However, Mr. Tsogtbuyan persisted his dream to provide healthy dairies to the consumers and took risk to establish his own farming business in 1992, during the most vulnerable economic period of the country.

What started as a small diary business with only 11 cows now reached to 150 milk cows and increasing demand from the market. The company’s ultimate goal is to fully replace imported dry milk with its own high quality, fresh, liquid milk, since 80% of the domestic dairy factories use imported dry milk for their production, while the country has over 4 million cattle.

In 2014, Mr. Tsogtbuyan started to produce its organic and tasty dairy products in local market and the products are unique because the company uses its own small farm using the traditional methodology. The livestock of the company’s farm is raised on Mongolian natural pasture and feed by nutrients which were planted organically without any pesticides and fertilizers. All of the products are rich in vitamins, minerals, nutritious and environmentally sustainable. The company believes it can affect consumers’ decision to choose environmentally friendly purchase by using reusable glass bottles for the products.

In December 2016, the company successfully introduced 8 new products to the market and it immediately increased its sales income threefold. Now the company is producing 20 products in 8 categories with 14 full time staffs.

There is a very high demand for their products, especially from mothers with babies and toddlers, elderlies who get essential nutritional needs through the dairy products, however the company is not able to meet this market demand with its current production capacity.

In order to meet their market demand, the company is seeking loan 605 million MNT to buy new dairy equipment, 2 refrigerators and 2 more distribution trucks. It will increase job opportunity for 4 more full time staffs. By implementing the project, the company will be able to double the daily production capacity.

Nom de l’entreprise	Golomt Bank
PDG	Tsogtbuyan Rentsen
Création	1992-01-01
Lieu	Ulaanbaatar, Mongolia
Secteur	Agriculture
Chiffre d'affaires	€315 972,22
Employés	14

Impact

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.