MongoliaAr Janchivlan Resort
With a loan of EUR 4,600 Ursgal is able to make some important repairs and improvements to her resort.
€4,600
3.00%
24 months
6 months
EUR
Currency| Amount | €4,600 |
| Interest | 3.00% |
| Maturity | 24 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Ursgal runs a business in tourism for 5 years. She inherited "Ar Janchivlan Resort" from her father which was established in 1973 in Tuv, the central province. At first, the resort opened with 10 workers and today it has grown up to 51 workers. Resort mostly serves the elder community with spa and mud therapy.
With a loan Ursgal will be able to repair some parts of the resort and improve the street lightning, and hire more workers to increase the capacity to serve.
Together with local partner VFM will Lendahand provide a loan, which has to be repaid in 24 months.
| Company name | Vision Fund Mongolia |
| CEO | Ursgal Baatar |
| Founded | 1973-01-01 |
| Location | Tuv province |
| Sector | Services |
| Turnover | €203,677.51 |
| Employees | 51 |
Impact
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- With this investment 5 jobs are created
- With this investment 20 lives are improved