With a loan of EUR 2,800 Otgonjargal will be able to increase working capital and hire an additional worker.
Otgonjargal runs a recycling business for the last 5 years in Ulaanbaatar city. She gathers secondary raw materials such as glass, plastic bottles, cans, iron, aluminum and copper in order to supply beverage factories and small entities. She purchases copper and iron for a reasonable price in winter period, and so that she could sell in summer when cost gets increased to make some profit.
Otgonjargal works not only for profit, but also for social community she lives in. She provide a part time job to homeless people and in return she pays per working hours or feed them. With a loan of 6 million tugrik, Otgonjargal will be able to increase working capital and hire an additional worker.
Lendahand will provide a loan to Otgonjargal together with local partner VFM. The loan has to be repaid in 24 months.
|Company name||Otgonjargal Nyamtseren|
|Sector||Distribution and Processing|
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- With this investment 1 job is created
- With this investment 4 lives are improved