With EUR 2,200 Otgonbayar is able to hire a truck that allows him to restore the land and sustain business.
Otgonbayar has been working in stone groves for the third year in Khentii province. He is member of Suld credit union which works in exploring spar mineral.
Recently the union expanded and has 6 workers. Moreover they deliver their products in the Khentii province. With a loan Otgonbayar will be able to rent a truck to recover the land so it can be used again in the future, making his business more sustaibable.
However, the credit need is too large for the credit union to process. Lendahand will therefore provide a loan together with local partner VFM that has to be repaid in 24 months.
|Company name||Otgonbayar Puntsag|
|Location||Berkh village, Khentii province|
|Sector||Manufacturing / Production|
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- With this investment 1 job is created
- With this investment 4 people are reached