InvesCore NBFI 10
Entrepreneur Davaarjargal is hoping for financing for her shop in Mongolia. With an investment in local partner InvesCore, 10 small and medium-sized business owners like her will secure the necessary working capital to drive their businesses forward. *exchange rate risk EUR/USD*
€100,000
5.50%
24 mesiace
6 mesiace
USD
MenaSuma | €100,000 |
Úroky | 5.50% |
Zrelosť | 24 mesiace |
Splátky | 6 mesiace |
Mena | USD |
Projekt
Please note: 1st principal repayment after 12 months instead of 6 months. However, the interest payments start after 6 months.
In Ulaanbaatar, the capital of Mongolia, Davaarjargal runs her own business. Her shop specializes in naturally produced soaps and bath salts. She sources her raw materials from local nomads, for whom this trade also represents an important source of income. Thanks to a loan from InvesCore, a local microfinance institution, she can purchase more of the necessary materials and expand her business. Small and medium-sized entrepreneurs in Mongolia need working capital for their business to grow. A thriving business means higher income, directly improving the lives of the entrepreneur, her suppliers, and employees. The maturity of business loans from InvesCore vary between 24 and 36 months with a monthly repayment of principal and interest. The monthly interest rate varies between 2.2% and 2.9% in Mongolian tugrik.
What does your investment generate?
For entrepreneurs like Davaarjargal, a business loan makes a significant difference. Check the interest rate and maturity InvesCore offers you as an investor at the top of this page. For more information about possible exchange rate risks, visit our currency page.
The story of InvesCore
InvesCore is Mongolia's largest financial institution. With financing via Lendahand, they provide business loans to their current and new customers. The main customers are small and medium-sized enterprises in the capital Ulaanbaatar, such as Davaarjargal's shop or a bakery, and agricultural businesses or farmers in the countryside. To best support the entrepreneurs, InvesCore also offers business training. InvesCore processes the loan applications of their more than 80,000 customers through their internally developed Loan Origination System (LOS). The LOS automation process collects customer information from government systems, saving customers time in gathering the necessary documents. In 2019, InvesCore held an initial public offering (IPO) relating to 15% of the total shares. Since the IPO, the share price has increased by 145%. For the future, the non-banking financial institution plans an international expansion of their activities in Central Asia and Southeast Asia. In 2021, InvesCore launched a special program that allows low-cost financing for more vulnerable customer profiles. The program is funded by Rio Tinto Mongolia LLC. The target groups are:
- SMEs implementing an environmentally-friendly project
- SMEs run by entrepreneur(s) with disabilities
- SMEs run by women entrepreneur(s)
- SMEs run by single parents
- SMEs conducting import substitution activities
InvesCore in numbers
- Founded in 2016
- Loan portfolio of 74 billion MNT (approx. 60 million USD) (end of 2021)
- 18 branches in Mongolia
- 2 subsidiaries in Kyrgyzstan
- 269 employees
- 40% of their cutsomer portfolio are SME entrepreneurs
- More than 80,000 customers
Mission
InvesCore aims to be the most reliable financial partner for their customers by delivering tailored financial products, quick services, and professionalism.
Vision
Support individuals and small and medium-sized businesses in developing countries worldwide with reliable financing.
Awards
- "Best Investor" 2018-2020 - by the Association of Mongolian NBFI
- "Excellence Service Entrepreneur" 2019 - by Forbes
- "Outstanding NBFI" 2018, 2019 en 2021 - by Mongolian Chamber of Commerce
Názov spoločnosti | InvesCore NBFI |
GENERÁLNY RIADITEĽ | Bayasgalan Dalaijamts |
Založené | 2016-03-01 |
Umiestnenie | Ulaanbaatar |
Sektor | Finančné služby |
Obrat | $13,200,000 |
Zamestnanci | 269 |
Úverové skóre | A+ |
Impact
InvesCore je mikrofinančná inštitúcia v Mongolsku. Jej portfólio je v súčasnosti rozdelené medzi 30 % vidieckych a 70 % mestských klientov. Jej cieľom je plne digitalizovať spotrebiteľské produkty, aby sa celá pozornosť sústredila na podnikateľské úvery a viac sa orientovala na vplyv. InvesCore vyvinula automatizovaný proces pre tradičné úvery, ktorý znižuje manuálnu prácu o 80 %, čo vedie k rýchlejšiemu spracovaniu úverov a väčšej dostupnosti pre podnikateľov.
InvesCore's úsilie o digitalizáciu posilňuje postavenie podnikateľov vrátane žien tým, že poskytuje jednoduchší prístup k finančným službám, podporuje rodovú rovnosť a rast malých podnikov v miestnej ekonomike.
V minulom roku získalo podnikateľské úvery viac ako 1 200 majiteľov malých a stredných podnikov, z ktorých bolo viac ako 250 podnikateliek.
Prístup k financiám je účinným nástrojom boja proti chudobe. Okrem podnikateľa, ktorý má z pôžičky prospech, pociťujú pozitívny účinok financovania všetci, ktorí sa podieľajú na jeho podnikaní. Keď môže podnik rásť, zvyšuje sa podnikateľská aktivita a vytvárajú sa pracovné miesta. To vedie k zníženiu emigrácie a dáva ľuďom možnosť zlepšiť svoje životné podmienky.
SDGs vplyvom
Týmto projektom prispievate k týmto cieľom trvalo udržateľného rozvoja:
SDG 1 - Žiadna chudoba
SDG 8 - Dôstojná práca a hospodársky rast
Viac informácií o vplyve, ktorý môžete dosiahnuť prostredníctvom našej platformy a stránky SDGs, nájdete na našej stránke o vplyve.
Súvisiace príspevky na blogu
- Viac informácií o stránke InvesCore nájdete v jej úvodnom príspevku na blogu.
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- Vďaka tejto investícii sa vytvorí 10 pracovných miest.
- Vďaka tejto investícii sa zlepšuje život 67