Batkhurel Khorloo
With EUR 2,200 Batkhurel is able to acquire raw materials and hire a new employee for his shoe factory.
€2,200
3.00%
24 months
6 months
EUR
CurrencyAmount | €2,200 |
Interest | 3.00% |
Maturity | 24 months |
Repayments | 6 months |
Currency | EUR |
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 name | Batkhurel Khorloo |
CEO | Batkhurel Khorloo |
Founded | 2006-01-01 |
Location | Ulaanbaatar city |
Sector | Manufacturing / Production |
Turnover | €11,175.68 |
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