The project

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.