With a first loan of EUR 34,000 Gankhuyag will be able to purchase a new truck for his truck rental business in Arvaikheer.
34 000 €
|Montant||34 000 €|
In 2016, Gankhuyag (42), owner of a shop, broadened his entrepreneurship by starting a truck rental business. The trucks are used for road and bridge constructions in Uvurkhangai province. Gankhuyag has employed 4 local citizens as sales assistants and truck drivers.
Uvurkhangai province is one of the spectacular places of Mongolia which has a beautiful nature and rich history. However, the local road system needs many improvements to attract more local and international tourists. Gankhuyag plans to purchase an additional truck to contribute to the road construction works in his hometown. He will purchase the truck from the Republic of Korea and will rent it to the national road construction companies with affordable prices.
|Nom de l’entreprise||Gankhuyag|
|Chiffre d'affaires||226 453,52 €|
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.
With this project you are contributing to the following Sustainable Development Goals:
SDG 1. No Poverty
SDG 8. Decent work and economic growth
Read more about the impact you can make through our platform and the SDGs on our impact page.
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- Grâce à cet investissement 2 emplois sont créés
- Avec cet investissement 10 sont améliorées