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funding gap emerging markets
Mongolia

Bat-Erdene Geleg

  • Vision Fund Mongolia
  • Invest in microfinance
  • + 5 other investors
  • With EUR 2,200 Bat-Erdene will be able to acquire an additional taxi car and to hire an extra driver.

    €2,200
    Amount
    4.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€2,200
    Interest4.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 21 hours on 17 September 2015.

      The project

      Bat-Erdene worked a few years for a transport business. After some years of gaining experience, he decided to start his own company. 15 years have passed since he started his own taxi service.

      Since then he hired one additional driver, but the entrepreneur has made some great deals. For example, he cooperates with schools in the area to drive the children back home. This resulted in more clients.

      In order to cope with the growth of the business, he would like to acquire an extra vehicle and to hire an extra driver. Lendahand, together with local partner VFM, will provide a loan in order to facilitate the acquisition. The loan will be repaid in 24 months.

      Company nameVision Fund Mongolia
      CEOBat-Erdene Geleg
      Founded2000-01-01
      LocationDarkhan city, Darkhan-Uul province
      SectorServices
      Turnover€2,413.94
      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 Bat-Erdene Geleg

      Erik Hamelink
      Ron van Eijk
      + and another
      5
      investors