Bat-Erdene
With a loan of EUR 4,200 Bat-Erdene will be able to build a barn where he can get felts dry in winter period.
€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
As Mongolia has nomadic culture civilization for centuries, ger (traditional dwelling) is used a lot in the countryside and felt is one of the main materials used for building ger. Bat-Erdene, father of three, runs a business in felt manufacturing in the center of the Tuv province.
He learned to make felt when he used to work for felt factory for two years in the capital city Ulaanbaatar. Firsty he started alone but today he has got 4 employees for seasonal basis.
With a loan of 10 million tugrik, Bat-Erdene will be able to build building where he can get felts dry in winter period and operate continually for 4 seasons.
Company name | Vision Fund Mongolia |
CEO | Bat-Erdene Damdinjav |
Founded | 2011-01-01 |
Location | Nalaikh |
Sector | Manufacturing / Production |
Turnover | €77,653.14 |
Employees | 4 |
Impact
There is currently no information available for this section. Check the Summary tab for more details.
- With this investment 2 jobs are created
- With this investment 8 lives are improved