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funding gap emerging markets
Mongolia

Shinebayar

  • Vision Fund Mongolia
  • Invest in a Financial Institution
  • + 28 other investors
  • With EUR 11,200 Shinebayar will be enabled to expand his auto repair shop and hire an additional employee!

    €11,200
    Amount
    4.00%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€11,200
    Interest4.00%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 7 days on 23 September 2015.

      Summary

      Shinebayar is one of the first Mongolian business owners that we are going to provide a loan to. He is the owner of an auto repair shop that also sells car parts throughout the capital.

      Currently he employs one worker that is mainly occupied in the store selling auto parts to the public. Being a mechanic as long as he can remember, Shinebayar is mainly on the work floor fixing cars and busses. Because more people in Mongolia get access to cars, business is going well for Shinebayar.

      In order to accommodate the increasing number of customers, he would like to expand his garage. In order to realise this, Shinebayar needs growth capital. Together with local partner VFM Lendahand will provide Shinebayar with a loan that has to be repaid in 36 months.

      Company nameShinebayar
      CEOShinebayar Narantsetseg
      Founded2005-01-01
      LocationUlaan Baatar
      SectorServices
      Turnover€22,351.36
      Employees2

      Impact

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

      • With this investment 1 job is created
      • With this investment 4 lives are improved

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      We have already contributed to Shinebayar

      Gert Mosterd
      Ron van Eijk
      Poul Brands
      Dieske Kruisselbrink
      Marion van Wingerden
      + and another
      28
      investors