InvesCore NBFI 7
With this investment of EUR 150,000 local partner InvesCore will provide 18 business loans for current and new clients in Mongolia. Main target clients are SMEs in the capital city and rural areas. **please note: this project contains an exchange rate risk EUR/USD)**
Projektas
About the company
InvesCore NBFI JSC is a Fintech based micro-finance Company that was founded in 2016 and has been introducing advanced technology and providing innovative and swift services to its customers. As of today, we have 18 branches and 2 subsidiaries in Mongolia. Also, we have established 2 subsidiary companies in Kyrgyz Republic. In 2019, InvesCore held an initial public offering (IPO) worth of 15% of its total shares. Since the IPO the share price increased by 145% by the end of 2021. As of 2021, InvesCore and subsidiary companies are operating with 269 employees for over +80,000 customers.
InvesCore is the largest non-banking financial institution in Mongolia in terms of loan portfolio, net income and assets (out of 531 FIs) with a loan portfolio of MNT 174 billion (approximately USD 60 million) by the end of the 2021 and 40% of loan portfolio is accounting for SMEs and business entrepreneurs.
Regarding international expansion strategy, InvesCore is focusing on launching its business in the markets of Central Asia and South East Asia with the help of its digital lending solutions.
Loan purpose
With this funding, InvesCore will provide business loan for its current and new clients. Main target clients are SMEs in the capital city and rural areas.
In the capital city, InvesCore offers loan services to support micro, SMEs within the SMB program, which includes low-cost loans and comprehensive training and consulting. By the end of 2021, over 500 business individuals and 100 legal entities have received our loan products and other services. In 2021, InvesCore started the “Economic Recovery and Adaptability Loan Program” funded by Rio Tinto Mongolia LLC to provide ultra-low-cost funding to SMEs in Mongolia. Target group of this program are:
- SMEs implementing an environmentally-friendly project
- SMEs run by entrepreneur(s) with disability
- SMEs run by women entrepreneur(s)
- SMEs run by single parent
- SMEs carrying out import-substituting business.
Our business loan term ranges from 24-36 months with monthly principal and interest repayments. Monthly interest rate ranges 2.2%-2.9% in Mongolian tugrik currency. Our internally developed Loan Origination System (LOS) ensures and collects the client’s information from state data base connection. LOS helps to save time for customers from collecting required documents and the automation process eliminates human related errors.
Missie
Our mission is to provide innovative financial products and swift services with seamless professionalism and be the reliable financial assistant to our customers.
Visie
We will provide innovative products and services in the financial markets of developing countries worldwide and create a reliable financing to support individuals and small and medium-sized enterprises.
Awards
Recognised as the “Best Investor” award by the Association of Mongolian NBFI from 2018 to 2020
“Excellence Service Entrepreneur” by Forbes in 2019
“Outstanding NBFI” award by Mongolian Chamber of Commerce in 2018, 2019, and 2021.
InvesCore NBFI
Poveikis
InvesCore yra mikrofinansų įstaiga Mongolijoje. Šiuo metu jos portfelį sudaro 30 proc. kaimo ir 70 proc. miesto klientų. Ji siekia visiškai skaitmenizuoti vartojimo produktus, kad visą dėmesį sutelktų į verslo paskolas ir taptų labiau orientuota į poveikį. InvesCore sukūrė automatizuotą tradicinių paskolų teikimo procesą, kuris 80 % sumažina rankų darbą, todėl paskolos tvarkomos greičiau ir verslininkams tampa labiau prieinamos.
InvesCore's skaitmeninimo pastangos suteikia daugiau galimybių verslininkams, įskaitant moteris, suteikdamos lengvesnę prieigą prie finansinių paslaugų, skatindamos lyčių lygybę ir remdamos smulkiojo verslo augimą vietos ekonomikoje.
Praėjusiais metais verslo paskolas gavo daugiau nei 1200 MVĮ savininkų, iš kurių daugiau nei 250 buvo moterys verslininkės.
Galimybė gauti finansavimą yra veiksminga kovos su skurdu priemonė. Be verslininko, kuris gauna paskolą, teigiamą finansavimo poveikį jaučia visi, kurie susiję su jo verslu. Kai verslas gali augti, didėja verslumas ir kuriamos darbo vietos. Dėl to mažėja emigracija ir žmonės turi galimybę pagerinti savo gyvenimo sąlygas.
TAP paveikė
Šiuo projektu prisidedate prie šių darnaus vystymosi tikslų įgyvendinimo:
TAP 1 - Nėra skurdo
TAP 8 - deramas darbas ir ekonomikos augimas
Daugiau apie poveikį, kurį galite padaryti naudodamiesi mūsų platforma ir TAP, skaitykite mūsų poveikio puslapyje.
Susiję tinklaraščio įrašai
- Sužinokite daugiau apie InvesCore jų pristatomajame tinklaraščio įraše.
- Norite sužinoti daugiau apie tai, kaip finansinė įtrauktis gali paskatinti verslumą? Skaitykite čia.
- Įdomu, kokių kitų mikrofinansų įstaigų turime savo portfelyje? Peržiūrėkite jas čia.
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