GSB Capital 44

Does a love of entrepreneurship go through the stomach? For the Bayarsaikhan family, it certainly does. They bake more than 250 cookies a day in their cookie factory. Thanks to a loan from GSB, they are expanding their business.

funding gap emerging markets
GSB Capital
Company
Mongolia
Country

The project

The Bayarsaikhan family runs a cookie factory in Mongolia. The idea came about when the partner of one of the family members studied in the United States. He was so enthusiastic about American cookies that he encouraged the family to start making them for the Mongolian market.

To get the business off the ground, they took out a loan from GSB Capital. The loan enabled them to purchase ovens, refrigerators and other equipment.

The family does almost everything themselves: mixing the dough, baking the cookies and packaging them. They use Mongolian flour and import the other ingredients from Tokyo.

Their ambitions are rising just as fast as their cookie dough. The family now sells its cookies through a major supermarket chain. They hope to expand their business, bake at least 2,000 cookies a day and open a larger factory.

Will you help entrepreneurial families like the Bayarsaikhan family in Mongolia grow their businesses?

Your investment

  • Annual interest rate: 5.5%
  • For an investment of €1,000, the expected total repayment is €1,069.
  • 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

Starts at: 07 November 2026 10:00

€150,000
target
5.5
%
Interest
24
months
Maturity
6
months
Repayments
A+
B
C
D
E
Credit score
Growth financing
Euro

Impact

32
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.