Mendbayar Shirem
With EUR 3,200 Mendbayar can acquire a new grinding machine to produce more types of traditional snuffboxes.
€3,200
3.00%
24 months
6 months
EUR
CurrencyAmount | €3,200 |
Interest | 3.00% |
Maturity | 24 months |
Repayments | 6 months |
Currency | EUR |
The project
Mendbayar is a handicraftsman and creates traditional snuffboxes (for tabacco) out of natural stones for the past 4 years in Erdenet city. Mongolia still has a very active snuff-taking tradition and it constitutes the gesture of welcoming a guest.
He has a workshop in his backyard and orders natural stones from Ulaanbataar. The stones come from all over the country and the variety is therefore quite impressive.
With a loan, Mendbayar will be able to renew his equipment, buy a new grinding machine to produce more types of snuffboxes, and repair his car in order to deliver the products to his clients. Lendahand will provide a loan together with local partner VFM that has to be repaid in 24 months.
Company name | Vision Fund Mongolia |
CEO | Mendbayar Shirem |
Founded | 2012-01-01 |
Location | Erdenet city |
Sector | Manufacturing / Production |
Turnover | €13,824.88 |
Employees | 1 |
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