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funding gap emerging markets
Mongolia

Shar Tal

  • Vision Fund Mongolia
  • Invest in microfinance
  • + 30 other investors
  • With a loan of EUR 14,000 Battur will be able to repair the first floor in the building to expand the grocery store.

    €14,000
    Amount
    4.00%
    Interest
    36 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€14,000
    Interest4.00%
    Maturity36 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 5 days on 27 November 2015.

      The project

      Battur is young entrepreneur who runs a grocery store called Shar tal or Yellow steppe in Ulaanbaatar city. He inherited this grocery store with building from his mother after she passed away in 2014 and he has been successfully running the store as he used to help sicne his he was a child. 

      With a loan of 30 million tugriks, Battur will be able to increase the working capital and finish repair the first floor in the building to expand the grocery store.

      Lendahand will provide this loan to Battur together with local partner VFM. The loan has to be repaid in 36 months.

      Company nameVision Fund Mongolia
      CEOBattur Tsogbadrakh
      Founded1994-01-01
      LocationUlaanbaatar
      SectorWholesale / Retail
      Turnover€140,845.07
      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 Shar Tal

      Joop Singeling
      Dieske Kruisselbrink
      Hans Kramer
      + and another
      30
      investors