NBFC Seeking Loan in Ulaanbaatar, Mongolia

The number of clients is 460, and the experience of our non-banking financial institution is 1 year and 6 months.

Currently, our company is cooperating with the best companies in Mongolia such as Shilmel Buidan LLC, and Arina Electronics LLC. We are ready to cooperate with Nomin Electronics LLC if the additional investment comes in soon.

We do not take any deposits and are rolling our initial corpus of USD 1 million to give out loans. We provide loans for assets like electronic appliances and cars. The maximum ticket size for a loan is USD 35,000. The monthly interest rate varies from 1-4% depending on the duration of the loan. We are financing partners for Shilmel Buidan and Arina Electronics among many others.

Our process-driven and structured workflow, due diligence, and loan disbursal process make it very easy for us to manage operations with just 6 employees.

Our main activity is providing loans for mostly immovable assets. The company is also licensed to engage in foreign exchange and foreign currency trading, electronic settlement, and remittance activities of NBFI's loans, which contribute to the financial market of Mongolia by offering our clients the lowest risk conditions with flexible terms and strictly ensuring compliance with the laws, standards, and regulations of the financial market.

Our tangible assets:

1) A resort worth MNT 2.6 billion located at Nalaikh, Mongolia (owned by one of our subsidiary companies).

2) The company's cars are worth MNT 800 million.

3) Audited net assets worth MNT 3.432 billion.

Intangible assets:

1) NBFI license issued by Mongolian Financial Regulatory Commission.

Our non-banking financial institution is currently renting a 132 sq. m service building at 50 Myangat, 2nd Khoroo, Chingeltei district. We are renting this office for MNT 6 million per month.

The company is self-funded by the owner with USD 1 million and this company is 100% owned by a Mongolian citizen. Currently, our company has no debts or loans outstanding.