Verkefnið

In Ulaanbaatar, Hatadiin’s workshop combines entrepreneurship with craftsmanship, transforming wood into furniture pieces that enhance homes and lives.

A loan from GSB Capital enabled him to purchase essential machinery, a truck, and materials to establish his workshop. As the business grew, he was able to build a team of eight skilled craftsmen.

Reflecting on the support he received from GSB Capital, Hatadiin notes, “I first learned about GSB through friends who praised their credit solutions for business investments. My first experience with GSB's loan was so positive that I have continued to partner with them. Their process is fast, simple, and exactly what an entrepreneur needs to thrive.”

Today, Hatadiin’s successful business shows how crucial financial support from institutions like GSB Capital is for entrepreneurs who can't access traditional bank loans.

What social return could your investment generate?

In Mongolia, SMEs struggle financially due to strict bank requirements and a lack of government support, while over 200,000 households contribute to severe air pollution through coal usage. 80% of Ulaanbaatar's air pollution is attributed to households burning coal for heating, as highlighted in a 2019 Asian Development Bank study.

GSB Capital addresses these issues with express business loans, offering quick financing solutions for underserved SME entrepreneurs and a green loan program that provides eco-friendly heating alternatives to combat coal dependency. These initiatives not only spur economic growth but also address environmental concerns.

What financial return could your investment generate? 

• Annual interest rate of 6%. 
• The maturity of the loan is 24 months. 
• Your investment will be repaid in equal instalments, including the interest, every six months.
• With an investment of 1,000 euros, your expected total repayment would be 1,075 euros.

The story of GSB Capital

Established in 2010, GSB Capital operates as a non-banking financial institution in Mongolia, providing loans through both conventional methods and an online platform. The institution offers trust services, investment guidance, and online financial transactions, all conducted under the supervision of the Financial Regulatory Commission of Mongolia. GSB Capital is committed to enhancing its operations while fostering sustainable growth within the community. It prioritises delivering accessible and secure financial services to its customers. 

The spectrum of its loan services is broad and designed to accommodate small business entrepreneurs. GSB Capital is a strong financial pillar in Mongolia, dedicated to the financial well-being of entrepreneurs and contributing to the country's economic progress.

GSB Capital in numbers

• Founded in 2010 
• 103 employees
• GSB Capital is 100% owned by Shunkhlai Holding LLC
• 99% of their activities take place in the capital Ulaanbaatar