MongoliaUndrakh Chinzorig
With a loan of EUR 11,800 Undrakh will be able to enhance his working capital and open new tire repair shop.
€11,800
5.00%
36 months
6 months
EUR
Currency| Amount | €11,800 |
| Interest | 5.00% |
| Maturity | 36 months |
| Repayments | 6 months |
| Currency | EUR |
The project
Undrakh. the father of two, runs an auto repair shop with the support of his wife for the past two years in Ulaanbaatar city. He built the building for his repair shop by himself and after two years it has already attracted numbers of regular customers as it locates on the outskirt of the city where there is no other place providing the similar service and he has got 5 employees in total.
With a loan Undrakh will be able to enhance his working capital and open new tire repair shop next to his place and create more jobs expanding his business.
| Company name | Vision Fund Mongolia |
| CEO | Undrakh Chinzorig |
| Founded | 2014-01-01 |
| Location | Ulaanbaatar city |
| Sector | Services |
| Turnover | €70,782.54 |
| Employees | 5 |
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