funding gap emerging markets
Mongolia

Ar Janchivlan Resort

  • Vision Fund Mongolia
  • Local partner investment
  • + 8 other investors
  • With a loan of EUR 4,600 Ursgal is able to make some important repairs and improvements to her resort.

    €4,600
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€4,600
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 21 hours on 30 November 2015.
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      Summary

      Ursgal runs a business in tourism for 5 years. She inherited "Ar Janchivlan Resort" from her father which was established in 1973 in Tuv, the central province. At first, the resort opened with 10 workers and today it has grown up to 51 workers. Resort mostly serves the elder community with spa and mud therapy. 

      With a loan Ursgal will be able to repair some parts of the resort and improve the street lightning, and hire more workers to increase the capacity to serve. 

      Together with local partner VFM will Lendahand provide a loan, which has to be repaid in 24 months.

      Company nameAr Janchivlan Resort
      CEOUrsgal Baatar
      Founded1973-01-01
      LocationTuv province
      SectorServices
      Turnover€203,677.51
      Employees51

      Impact

      There is currently no information available for this section. Check the Summary tab for more.

      • With this investment 5 jobs are created
      • With this investment 20 people are reached

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