funding gap emerging markets
Mongolia

Batkhurel Khorloo

  • Vision Fund Mongolia
  • Local partner investment
  • + 8 other investors
  • With EUR 2,200 Batkhurel is able to acquire raw materials and hire a new employee for his shoe factory.

    €2,200
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€2,200
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 21 hours on 25 February 2016.
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      Summary

      Batkhurel owns a business in shoe manufacturing. Before starting his own business, he worked for a large shoe factory where he learned all the skills he needs. 

      In 2006 he opened his own small factory by renting a basement below his apartment building with support from his brother. They produce between 60-70 pair shoes per week and supply the biggest local markets in the city and also distribute to nearby provinces.

      With a loan, Batkhurel will be able to acquire raw materials such as leather, fur, and hire an additional employee to realize his dream of establishing a big manufacturing factor in the city. Together with local partner VFM will Lendahand provide a loan that must be repaid in 24 months. 

      Company nameBatkhurel Khorloo
      CEOBatkhurel Khorloo
      Founded2006-01-01
      LocationUlaanbaatar city
      SectorManufacturing / Production
      Turnover€11,175.68
      Employees1

      Impact

      There is currently no information available for this section. Check the Summary tab for more.

      • With this investment 1 job is created
      • With this investment 4 lives are improved

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