GSB Capital 2
Family business Bayan Agt started to thrive after receiving a loan from financial institution GSB Capital. The financial support enabled them to expand their shop inventory and serve more clients. With this investment in GSB, you will help 23 Mongolian entrepreneurs to grow their businesses.
€150,000
8.00%
24 xhur
6 xhur
EUR
MunitaAmmont | €150,000 |
Imgħax | 8.00% |
<Maturità></Maturità> | 24 xhur |
Ħlasijiet lura | 6 xhur |
Munita | EUR |
Il-proġett
Q: What does the higher interest rate of this project mean?
A: The project is part of a pilot program where we experiment with the conditions of projects. The higher interest rate is not due to a change in the credit rating, which remains an A. The increase in interest is not paid by the financial institution or the entrepreneur.
The family-owned business, Bayan Agt, is situated in the Bayalag Undraa market pavilion in Ulaanbaatar, the capital of Mongolia. This multifaceted shop offers customers a variety of coloured fabrics, sheets, mattresses, and towels. Although the business is thriving now, there were challenges in previous years. A loan from GSB Capital enabled them to expand their inventory, increasing sales and profits. After several microloans, the family now owns four small stores and a warehouse for their inventory. Thanks to the financial support from GSBCapital, their financial future looks promising.
GSB Capital is a non-banking financial institution in Mongolia that specialises in various traditional and online loan services. The financial institution is primarily based in the capital, Ulaanbaatar, but also has a branch in Uvurkhangai province. They provide diverse financial solutions, including business loans for SMEs and digital lending platforms. Regulated by Mongolia's Financial Regulatory Commission, GSB Capital focuses on offering reliable financial services with a strong commitment to good governance and sustainable development.
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 8%.
- 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 1,100 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
Isem il-kumpanija | GSB Capital |
Kap Eżekuttiv | Chinbat Choijamts |
Imwaqqfa | 2010-10-05 |
Lokazzjoni | Ulaanbataar |
Settur | Servizzi finanzjarji |
Fatturat | €6,270,550 |
Impjegati | 103 |
Punteġġ tal-kreditu | A |
Impatt
GSB Capital has been pivotal in Mongolia's financial sector. The company's diverse loan services fill a critical gap in a country where financial accessibility is not the norm, especially for small business owners. Their focus on inclusivity is transformative in the Mongolian financial landscape, providing opportunities for economic stability and growth.
GSB Capital's green loan programs directly tackle environmental concerns, notably the pressing issue of coal dependency in Mongolia, highlighting their active involvement in enhancing the country's environmental well-being. Additionally, their wide-ranging services, from auto financing to online loans, demonstrate their commitment to strengthening both the financial resilience and economic vitality across Mongolia.
SDGs impacted
With this project, you are contributing to the following SDGs:
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.
Related blog posts
Read the introduction of GSB Capital as a new investment opportunity here.
We recently visited multiple SME entrepreneurs in Mongolia. Read the travelblog here.
- B'din l-investiment, il-ħajjiet ta' 23 persuni jitjiebu