DBZ-7 Microcredit of Mongolia

DBZ-7 Microcredit of Mongolia is rated 3 out of 5 in the category financial services. Read and write reviews about DBZ-7 Microcredit of Mongolia. With the micro-business promotion project by Government Ulaanbaatar City of Mongolia, we started our own savings and credit union together and created a financial service to grant a loan for small businesses /B2B lending platform/. Our Vision Key equipment finance to small medium business Micro-finance basic of Great Wealth operating subsidiaries that provide "micro credit" to entrepreneurs. Connection B2B Lending platform. We are help and advice and services are mainly taken by micro and small business owners. These customers couldn’t get the banking service by following reasons: having less amount of bail fund, having not enough circulating capital with poor assessment and lastly not financially educated. From these reasons, we the citizens united and established credit union to grant loans to each other and make savings. We also provided loan committee and control committee with professionals and operates under Financial Regulatory Commission. Our Product  Microcredit describes banking services provided to low-income people or groups. Specific services offered by microfinance institutions include Microloans -around $ 2,500 and help businesses buy equipment or get started Micro-savings- small deposit accounts offered to low-income families to help them save Micro insurance - Micro-insurance plans are tailored to low-income families as well. Transfer- Money transfer services are increasingly more seen by our important product as a potential market. These services are then an opportunity to offer a new and potentially profitable product. Training -Online program money transfer and apply , financial education ,and startup businesses. DBZ-7 growth is observable in several performance indicators. From 2014 to 2017, its assets grew by 210 times, loans increased by 200 times and savings by 30 times. The initiative that started with $100,0 in 2014 now has assets of over $ 125,000,0.