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funding gap emerging markets
Mongolia

Surt Tamir

  • Vision Fund Mongolia
  • Invest in microfinance
  • + 17 other investors
  • With a loan of EUR 7,000 Erdenechimeg can repair one of her trucks so she can drain more sewages.

    €7,000
    Amount
    4.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€7,000
    Interest4.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 2 days on 19 November 2015.

      The project

      Erdenechimeg established company called "Surt Tamir" which serves with vacuum truck to drain sewage. Firstly, she started with only one truck, and today she has two employees and serves with two vacuum trucks. The company serves schools, kindergartens and buildings in the area where they serve receiving orders from the customers. 

      With a loan of 15 million tugriks, the company will be able to repair a broken truck which will increase the capacity again, and hire one more employee.

      Lendahand will provide this loan to Erdenechimeg together with local partner VFM. The loan has to be repaid within 24 months.

      Company nameVision Fund Mongolia
      CEOErdenechimeg Erdenee
      Founded2006-01-01
      LocationUlaanbaatar
      SectorServices
      Turnover€7,002.80
      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 Surt Tamir

      Gert Baas
      Gert Mosterd
      + and another
      17
      investors