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 mesecev
6 mesecev
USD
ValutaZnesek | €100,000 |
Obresti | 5.50% |
Zrelost | 24 mesecev |
Odplačila | 6 mesecev |
Valuta | 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
Ime podjetja | InvesCore NBFI |
GENERALNI DIREKTOR | Bayasgalan Dalaijamts |
Ustanovljeno | 2016-03-01 |
Lokacija | Ulaanbaatar |
Sektor | Finančne storitve |
Obrat | $13,200,000 |
Zaposleni | 269 |
Kreditna ocena | A+ |
Učinek
InvesCore je mikrofinančna institucija v Mongoliji. Njen portfelj je trenutno razdeljen med 30 % podeželskih in 70 % mestnih strank. Njihov cilj je v celoti digitalizirati potrošniške produkte, da bi vso pozornost usmerili v poslovna posojila in postali bolj usmerjeni k vplivu. InvesCore je razvil avtomatiziran postopek za tradicionalna posojila, ki zmanjšuje ročno delo za 80 %, kar vodi v hitrejšo obdelavo posojil in večjo dostopnost za podjetnike.
InvesCore's svojimi prizadevanji za digitalizacijo krepijo položaj podjetnikov, vključno z ženskami, saj jim zagotavljajo lažji dostop do finančnih storitev, spodbujajo enakost spolov in podpirajo rast malih podjetij v lokalnem gospodarstvu.
Lani je poslovna posojila prejelo več kot 1200 lastnikov MSP, od tega več kot 250 podjetnic.
Dostop do finančnih sredstev je učinkovito orodje za boj proti revščini. Poleg podjetnika, ki ima koristi od posojila, pozitivne učinke financiranja občutijo tudi vsi, ki so vključeni v njegovo podjetje. Ko lahko podjetje raste, se poveča podjetniška aktivnost in ustvarijo se nova delovna mesta. To vodi v zmanjšanje izseljevanja in daje ljudem priložnost, da izboljšajo svoje življenjske razmere.
OZR vplivali na
S tem projektom prispevate k naslednjim ciljem trajnostnega razvoja:
OZR 1 - Brez revščine
OZR 8 - dostojno delo in gospodarska rast
Več o vplivu, ki ga lahko dosežete z našo platformo in spletno stranjo OZR, si preberite na naši strani o vplivu.
Sorodne objave na blogu
- Preberite več o spletni strani InvesCore v njenem uvodnem zapisu na blogu.
- Želite izvedeti več o tem, kako lahko finančna vključenost spodbuja podjetništvo? Preberite tukaj.
- Vas zanima, katere druge mikrofinančne institucije imamo v svojem portfelju? Preverite jih tukaj.
- S to naložbo je bilo ustvarjenih 10 delovnih mest.
- S to naložbo se izboljšajo življenja 67