Baylag-Uuduu LLC
With a loan of EUR 4,200 Nasanjargal will be able to increase her working capital and hire 5 more workers.
€4,200
3.00%
24 months
6 months
EUR
CurrencyAmount | €4,200 |
Interest | 3.00% |
Maturity | 24 months |
Repayments | 6 months |
Currency | EUR |
The project
Nasanjargal, the mother of three, runs a business in coal sale supplying companies and households in the community of Nalaikh city. She established her company Baylag-Uuduu LLC in 2007 with the support of her father who has deep experience of working at state coal mine. First they started exploration by themselves and today they have 10 workers to operate non-stop for 4 seasons of the year.
With a loan of 10 million tugrik, Nasanjargal will be able to increase her working capital, hire 5 more workers and have own office to run the business.
Lendahand will provide this loan to Nasanjargal together with local partner VFM. The loan has to be repaid in 24 months.
Company name | Vision Fund Mongolia |
CEO | Nasanjargal Mend |
Founded | 2006-01-01 |
Location | Nalaikh city |
Sector | Distribution and Processing |
Turnover | €103,537.53 |
Employees | 10 |
Impact
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- With this investment 5 jobs are created
- With this investment 20 lives are improved