Surt Tamir

With a loan of EUR 7,000 Erdenechimeg can repair one of her trucks so she can drain more sewages.

funding gap emerging markets

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.

Vision Fund Mongolia

CEO
Erdenechimeg Erdenee
Founded
2006-01-01
Location
Ulaanbaatar
Sector
Services
Turnover
€7,002.80
Employees
2
€7,000raised
Fully funded in 2 days on 19 November 2015.
17investors
Invest in microfinance
€7,000
target
4.0
%
Interest
24
months
Maturity
6
months
Repayments
A
B
C
D
E
Credit score

Impact

1
Jobs created
4
Lives improved