GSB Capital 37

Spring in Mongolia is not a gentle start to the year. It remains cold, with temperatures frequently dropping below freezing. A warm and well-insulated home therefore remains important. GSB Capital offers green loans that enable families to better insulate their homes and switch to more sustainable heating solutions.

funding gap emerging markets
GSB Capital
Company
Mongolia
Country

The project

In Mongolia, spring still feels like winter. Temperatures regularly fall below freezing, making a warm and well-insulated home important. 

Many households still heat their homes with coal or wood. This is not only costly, but also harmful to health. It creates a dense layer of smog that can linger over the city for weeks, significantly reducing air quality.

GSB Capital promotes the transition to cleaner and more efficient solutions, such as improved insulation, electric heating systems, and solar panels. Through a green loan, families gain access to financing to invest in these improvements.

With your investment, households can better insulate their homes and adopt more sustainable heating methods. This leads to greater comfort, lower energy costs, and a healthier living environment.

In addition, you support local entrepreneurs who deliver and install these solutions. In this way, your investment contributes not only to cleaner air, but also to a stronger local economy in Ulaanbaatar.
 

Your investment

  • Annual interest rate: 6%
  • For an investment of €1,000, the expected total repayment is €1,075.
  • Maturity: 24 months. You will receive equal repayments of your investment every 6 months, totaling 4 repayments.
  • Currency: euro

GSB Capital

CEO
Chinbat Choijamts
Founded
2010-10-05
Location
Ulaanbataar
Sector
Financial services
Turnover
€7,997,889
Employees
103
€165,000raised
Fully funded in 22 hours on 10 April 2026.
377investors
€165,000
target
6.0
%
Interest
24
months
Maturity
6
months
Repayments
A+
B
C
D
E
Credit score
Growth financing
Euro

Impact

35
Lives improved

In Mongolia, small and medium-sized enterprises face significant challenges due to stringent banking requirements and a need for more government support. This makes it difficult for entrepreneurs to grow and create jobs. At the same time, the country struggles with severe air pollution, particularly in Ulaanbaatar, where over 200,000 households burn coal to heat their homes. According to a 2019 study by the Asian Development Bank, approximately 80% of the air pollution in the capital is due to this practice.

GSB Capital addresses these issues holistically. On one hand, it offers fast business loans to underserved SME entrepreneurs, enabling them to grow and contribute to the local economy. On the other hand, GSB Capital invests in a green loan program that promotes environmentally friendly heating alternatives, reducing reliance on coal and improving air quality. These initiatives not only foster economic growth but also make a significant contribution to a cleaner environment.

  • 35% of GSB loans support female entrepreneurs, helping them grow their businesses and create jobs


Related blog posts

  • We recently visited multiple SME entrepreneurs in Mongolia. Read the travelblog here.