Davaasambuu 2

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Mongolie

Davaasambuu 2

Golomt Bank

Investir dans la microfinance

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With a second loan of EUR 32,000 Davaasambuu will be able to purchase goods for his new supermarket branch in Ulaangom.

€32 000

Montant

3,00%

Intérêt

48 mois

Maturité

6 mois

Remboursements

EUR

Devise

Montant	€32 000
Intérêt	3,00%
Maturité	48 mois
Remboursements	6 mois
Devise	EUR

100%

Entièrement financé en 6 jours sur 18 Septembre 2019.

Le projet

Davaasambuu S. (52) is a local businessman from Uvs province, who majored in agriculture and graduated from a Russian university in 1987. During 1987-1992, he worked as a soil specialist in Uvs province. Then since 1998, Davaasambuu began his entrepreneurship; in 2008, he opened his first grocery store in capital city of the province. During the years, the store has been expanded in size and inventory. Not it sells various consumer products, and currently employes 5 local residents.

Davaasambuu’s grocery store has been operating successfully since its establishment, and the sales has doubled during the annual year of 2017-2018. Due to increased local population, the market demand has risen significantly. Thus, he plans to build a new supermarket in downtown of the province. Davaasambuu has contracted with “Urgoo Architech” LLC for the construction of supermarket.

With an opening of new store, he will hire 4 empoyees: 2 cashiers, 2 warehouse clerks.

Nom de l’entreprise	Golomt Bank
PDG	Davaasambuu Sukhbaatar
Création	2008-08-12
Lieu	Ulaangom, Uvs province
Secteur	Commerce de gros / Commerce de détail
Chiffre d'affaires	€149 903
Employés	5

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.