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funding gap emerging markets
Mongolie

Tsogt Trade LLC

  • Golomt Bank
  • Investir dans une institution financière
  • + 116 autres investisseurs
  • With a loan of EUR 33,900 Tsogt Trade LLC will be able to upgrade factory equipments and renovate the workshop.

    €33 900
    Montant
    3,00%
    Intérêt
    36 mois
    Maturité
    6 mois
    Remboursements
    EUR
    Devise
    Montant€33 900
    Intérêt3,00%
    Maturité36 mois
    Remboursements6 mois
    DeviseEUR
      100%
      Entièrement financé en 4 jours sur 22 Juillet 2019.

      Résumé

      Tsogt Trade LLC was established in 2002. The main operations of the company are furniture manufacturing, sales of construction materials, and real estate rent. The company usually manufactures kitchen and office furniture. The company’s factory is located in Ulaanbaatar city and it has 6 permanent employees.

      As an apartment construction sector is rapidly developing in Mongolia, home furniture manufacturing business is also in a high demand. Tsogt Trade LLC’s furniture design and quality have been favored by its clients. Thus, the company plans to upgrade factory facilities and renovate the workshop in order to decrease manual operations and shorten the manufacturing period. The company is in need to purchase automatic edges, saw and vacuum cleaners.

      With a loan amount of MNT 100 million, Tsogt Trade LLC will be able to upgrade factory equipments and renovate the workshop.

      Nom de l’entrepriseTsogt Trade LLC
      PDGTsogt Tumur
      Création2002-06-25
      LieuUlaanbaatar
      SecteurAgriculture
      Chiffre d'affaires€330 914,75
      Employés6

      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.

       

      SDGs impacted

      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.

      • Grâce à cet investissement 2 emplois sont créés
      • Avec cet investissement 10 sont améliorées

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      Nous avons déjà contribué à Tsogt Trade LLC

      Poul Brands
      Madelien van Manen
      Elke Krekels
      Jan Okken
      Ron van Eijk
      + et autre
      116
      investisseurs